USD/CNH: Sustained gains look likely above 6.8400 – UOB
17.08.2022, 05:39

USD/CNH: Sustained gains look likely above 6.8400 – UOB

FX Strategist at UOB Group’s Global Economics & Markets Research Quek Ser Leang comments on the prospects for USD/CNH.

Key Quotes

“About two months ago on 17 Jun 2022, when USD/CNH was trading at 6.7100, we noted in our Global Quarterly Outlook that ‘daily MACD is not strong’. We highlighted that ‘the overall price actions appear to be part of a consolidation phase’ and we expected USD/CNH to ‘trade sideways between 6.5930 and 6.8400 in 3Q22’.”

“USD/CNH subsequently traded sideways, albeit within a narrower range than expected. Yesterday (15 Aug 2022), USD/CNH jumped to 6.8200 before closing higher by a whopping 1.16% (NY close of 6.8135), its largest 1-day gain since Mar 2020. Despite the large rise, daily MACD is only beginning to turn positive. In order to maintain the build-up in momentum, USD/CNH has to break and maintain a foothold above the year-to-date high near 6.8400 before a sustained advance is likely. To look at it another way, only a clear break of 6.8400 would indicate that the consolidation phase has come to an end.”

“The chance for USD/CNH to break clearly above 6.8390 would remain intact as long as it does not move below the top of the daily Ichimoku cloud, currently near 6.7330. The top of the cloud support is close to another key support, the 55-day exponential moving average. Looking ahead, if USD/CNH can break and maintain a foothold above 6.8390, it could possibly trigger a move to 6.9000.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik