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The Ministry of Finance issued 7.5 billion yuan of treasury bonds in Hong Kong

2022-06-16
959
Fundamental analysis:

The USD / RMB remained volatile around 6.66657. The Ministry of Finance issued RMB 7.5 billion of treasury bonds in Hong Kong through the bond bidding platform of the central clearing system, which was highly oversubscribed and widely welcomed by the market.


USD and RMB usdcnh - 4-hour K-line chart display:




Technical comments: the high short power fell sharply, fell below the Bollinger belt index and went off the track to the node near 6.66520. The short-term short power continued to decline. The Bollinger belt index closed and began to open. The high short power of MACD index fell sharply to the lower side of axis 0, and the RSI index was constantly moving downward below the 50 equilibrium line;


Multi empty turning point: 6.67573


Pressing position: 6.69110, 6.70646


Support position: 6.65210, 6.63842


Trading strategy: bearish below 6.67573, target 6.65210, 6.63842


Alternative strategy: bullish above 6.67573, target 6.69110, 6.70646


The above analysis is a personal point of view and is for reference only.

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.

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