USDCNH

(Last Updated January 18, 2021)

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

Forex Calendar for USDCNH

metric_name reference_period asset_name asset_id date time forecast outcome
United States Foreign Bond Investment Nov 2020 US Dollar USD 2021-01-19 21:00 GMT
United States Net Long-Term Tic Flows Nov 2020 US Dollar USD 2021-01-19 21:00 GMT
United States Overall Net Capital Flows Nov 2020 US Dollar USD 2021-01-19 21:00 GMT
United States Joe Biden’s Inauguration NA US Dollar USD 2021-01-20 00:00 GMT
United States NAHB Housing Market Index Jan 2021 US Dollar USD 2021-01-20 15:00 GMT 86

The Trend

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

USDCNH Moving Averages

Across several time periods between 20 and 200 days, the trend on USDCNH has remained consistently bearish.

The chart below illustrates.

Regarding USDCNH’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDUSD. AUDUSD is the asset with which USDCNH has been most correlated with over the past two weeks as well, so this may be a recurring pattern. On the flip side, EURCHF has been the asset least correlated with USDCNH — but over the past two weeks, EURSEK has been the asset least correlated with USDCNH. See the chart below to observe the recent price action in USDCNH versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

Currently, USDCNH’s rate is up 197 pips (0.31%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. USDCNH’s weekly price action over the past 52 weeks can be seen via the chart below.

USDCNH: The Monthly View

Strongest trend on the 120 month timeframe.

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