USD/CNH could still advance to 6.8500 and above – UOB
Share: Further gains could still lift USD/CNH to the 6.8500/6.8800 region in the next few weeks, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “Our expectations for USD to edge lower did not materialize as it traded in a relatively quiet manner between […]
Surfing the Waves with Gregor Horvat: USDCNH, XAUUSD, XAGUSD & More!
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USDCNH Triple or Double Zigzag?
USDCNH seems to be forming a double zigzag of the cycle degree w-x-y. The first large wave w is completed as a standard zigzag. The bearish intervening wave x could also be fully constructed. At the moment it looks completed as a double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ. In the near future, prices could […]
Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More!
Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More! – Orbex Forex Trading Blog Home Technical Analysis Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More! […]
USD/CNH snaps four-day uptrend around 6.7700 despite PBOC inaction
USD/CNH consolidates weekly gains with mild daily losses. PBOC keeps one-year, five-year Loan Prime Rates (LPRs) unchanged. US Dollar’s inability to cheer hawkish Fedspeak weigh on prices amid cautious optimism. USD/CNH remains pressured around 6.7700, printing the first daily loss in a week, as trades react to the People’s Bank of China’s (PBOC) status quo […]
S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact
S&P 500, Earnings, USDJPY, BOJ, USDCNH and GDP Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 Despite the discomfort behind capital markets around whether the S&P 500 has broken its technical ceiling or not, there was no material traction found Tuesday In the absence of high-profile, macroeconomic US […]
USDCNH Double or Triple Zigzag?
In the long term, the USDCNH pair is expected to form a large double zigzag consisting of cycle sub-waves w-x-y. The actionary wave w took the form of a standard zigzag. The bearish intervening wave x has ended. This wave contains a double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ. Thus, in the near future, prices […]