| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/CNH currency pair has revealed a medium-term descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to trade downwards within the predetermined channel in the medium term. The rate could target the 6.4500 mark by the end of December.
In the meantime, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the resistance level—the Fibo 50.00% at 6.7201.