USD/CNH 1D Chart: Сhannel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Two weeks ago the US Dollar found support against the Chinese Yuan. As a result a surge has begun, which seems to be occurring in a channel up pattern. Although in the case of the USD/CNH pair it might be more productive to watch the Fibonacci retracement levels of the 2016 high and low levels. The most significant moves have been caused by the pair meeting one of the retracement levels. In most cases the Fibonacci retracement levels have shown historically enough strength to reverse the direction of the currency exchange rate. Due to that reason the 38.20% retracement at 6.7830 and the 23.60% level at 6.8614 both should be watched closely.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.