简体中文
ภาษาไทย
繁體中文
Indonesia
RMB: high level consolidation and withdrawal
2022-07-20
1141
Fundamental analysis:
The USD / RMB remained volatile around 6.74344, and rising inflation has prompted sovereign fund investors to re-examine their asset allocation, mainly turning to increasing private market allocation. In this context, central banks around the world continue to increase the allocation of RMB.
USD and RMB usdcnh - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the power of high short positions maintained a shock downward, the short-term amplitude space narrowed, the MACD index was in the long position, maintained a shock downward, and the RSI index was hovering near the 50 equilibrium line;
Long short turning point: 6.74825
Pressing position: 6.75685, 6.76525
Support position: 6.73524, 6.72664
Trading strategy: bearish below 6.74825, target 6.73524, 6.72664
Alternative strategy: bullish above 6.74825, target 6.75685, 6.76525
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
