USDCNH

(Last Updated September 21, 2020)

Hello! This is the news page for USDCNH. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for USDCNH.

USDCNH Moving Averages

The moving averages on USDCNH indicate a trend that is clearly bearish.

Below is a chart showing USDCNH’s price with its moving averages.

Regarding USDCNH’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPUSD. Over the past 14 days, however, USDJPY is the asset most correlated to USDCNH. Alternatively, the asset least correlated with USDCNH over the past week has been NZDJPY, but if we observe the prior two weeks, the asset least correlated with USDCNH has been AUDCHF. The chart below illustrates USDCNH against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, USDCNH’s rate is down -0.0528 (-0.77%) from the week prior. USDCNH has seen its price go down 9 out of the past 10 weeks, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows USDCNH’s price action over the past year.