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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.

.

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.

USD/CNH Down 56 Pips On 4 Hour Chart, Eyes 20 Day Average; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags USDCNH
April 7, 2020April 7, 2020

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

USD/CNH Down 7 Pips in Last 4 Hours

Categories Forex News Tags USDCNH
April 6, 2020

The closest is the 20 day average, which is 406.5 pips away.

USD/CNH Down 225 Pips On 4 Hour Chart, Fares the Worst Out of Forex; Nears 20 Day Moving Average

Categories Forex News Tags USDCNH
April 3, 2020

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

USD/CNH Down 56 Pips Over Past 4 Hours, is Inching Close to 20 Day Average; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags USDCNH
April 7, 2020April 2, 2020

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.

USD/CNH Up 7 Pips Over Past 4 Hours; 2 Day Up Streak Snapped

Categories Forex News Tags USDCNH
April 1, 2020

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

USD/CNH Up 137 Pips On 4 Hour Chart

Categories Forex News Tags USDCNH
April 2, 2020March 31, 2020

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

USD/CNH Down 48 Pips in Last 4 Hours

Categories Forex News Tags USDCNH
March 27, 2020

Relative to other instruments in the forex asset class, usd/cnh ranked 39th yesterday in terms of percentage price change.

USD/CNH Up 38 Pips On 4 Hour Chart; Moves Up For the 2nd Day In A Row

Categories Forex News Tags USDCNH
March 31, 2020March 26, 2020

The closest is the 20 day average, which is 772.1 pips away.

USD/CNH Up 68 Pips On 4 Hour Chart, Fares the Worst Out of Forex; Came Into Today Down For the 3rd Day In A Row

Categories Forex News Tags USDCNH
March 25, 2020

Those trading within the forex asset class should know that usd/cnh was the worst performer in the class.

USD/CNH Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days

Categories Forex News Tags USDCNH
March 18, 2020

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.

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