The Chinese Yuan Devaluation

18 ก.พ. 2020

It appears that the Chinese Yuan is to devalue (much) more.
Fundamentally, the Chinese governement is coming up with countermeasures to offset the effects of the SARS-CoV-2 virus outbreak; which has also disrupted global trade activities.

Technically, the USDCNH chart is on the verge of a break out, with MACD and OBV poised for support.

Target for USDCNH is 7.15 as marked out in the chart.
Watch the daily chart for the soon to happen breakout...

20 ก.พ. 2020

บันทึก

Broke out!
Yuan depreciating and USD appreciating!