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Usdcnh: low long shock pull up
2022-08-12
1201
Fundamental analysis:
The USD / RMB fluctuated around 6.74210. The recently held working meeting of the people's Bank of China in the second half of the year proposed to maintain reasonable and sufficient liquidity, increase credit support for enterprises, maintain the overall stability of the financial market, and consolidate the good trend of economic recovery.
USD and RMB usdcnh - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the low-level bulls continue to shake and rise, the short-term bulls wait for the opportunity to enter the market, the MACD index is in the short area to maintain the consolidation and translation, and the RSI index is in the lower side of the 50 equilibrium line;
Long and short turning point: 6.73827
Pressing position: 6.74811, 6.75413
Support position: 6373298, 6.72633
Trading strategy: bullish above 6.73827, target 6.74811,6.75413
Alternative strategies: bearish below 6.73827, targets 6373298 and 6.72633
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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