- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CNH Price Analysis: Bulls attack yearly high above 6.8200, bumpy road ahead
USD/CNH Price Analysis: Bulls attack yearly high above 6.8200, bumpy road ahead
- USD/CNH refreshes four-month high as it crosses ascending resistance line from late May.
- Yearly peak, January 2020 swing low could challenge bulls as RSI approaches overbought territory.
- Bears remain cautious until witnessing a break of 2.5-month-old support line.
USD/CNH refreshed its five-month high with 6.8292 before retreating to 6.8185 during Friday’s Asian session.
In doing so, the offshore Chinese yuan (CNH) justifies the second break of an upward sloping resistance line from late May but struggles to gain acceptance amid buyer's fears of the bumpy road ahead, especially when the RSI (14) approaches overbought territory.
An area comprising a yearly top surrounding 6.8325-75 appears the first major hurdle for the USD/CNH bulls to tackle to keep control.
Following that, January 2020 low near 6.8455-60 could challenge the upside momentum.
In a case where the USD/CNH prices remain firmer past 6.8460, the 61.8% Fibonacci Expansion (FE) of April-June moves, near 6.9210, will be in focus.
Alternatively, pullback moves may retest the resistance-turned-support, close to 6.8000 by the press time.
However, the USD/CNH pair’s downside remains elusive until the quote stays beyond an ascending support line from early June, close to 6.7300 at the latest.
USD/CNH: Daily chart
Trend: Limited upside expected
© 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.
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.
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
