Category Archives: USD/CNH

USD/CNH Steady Uptrend Intact

Nenad Kerkez

Despite the strong Chinese CPI (Change in the price of goods and services purchased by consumers), the USD/CNH has formed a strong zig zag pattern for possible uptrend continuation. US PPI (Change in the price of finished goods and services sold by producers) showed better than expected result and technically we might see a POC rejection. POC (50.0, order block, ATR low) 6.8377-6.8450 might reject the price towards 6.8855 and 6.9045. Ideally bulls want to see the price above EMA89 after the POC rejection. If the price breaks below 6.8230 we might see a bearish breakout towards 6.7895. more…

USD/CNH Continues To Edge Lower After China’s Fifth Plenum, Mixed Manufacturing Data

Matt Weller

Late last week, China wrapped up the “Fifth Plenary Session of the 18th Central Committee of the Communist Party of China.” In case you don’t follow politics closely, this mouthful of a meeting just means that all the leading members of China’s Communist Party came together to discuss social, economic, and environmental policy over the next five years. more…