| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Since the beginning of November, the USD/CNH currency pair has been trading downwards within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined channel in the medium term. In this case the rate could decline below the 6.4000 mark by the middle of February.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 6.4720/6.5000 range. Thus, a breakout south could occur, and the pair could re-test the 6.2500 mark.