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Dollar to Yuan Chart and Prices Today
This page includes full information about the USD/CNH, including the Dollar to Yuan live chart and dynamics on the chart by choosing any of 8 available time frames.
By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of display of the Dollar to Yuan live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart. All clients that have not yet decided which instrument to trade are in the right place since reading the full characteristics of the USDCNH and watching its performance on the charts will help them to make their final decision.
USDCNH Live Chart
- 1m
- 5m
- 15m
- 30m
- 1h
- 4h
- 1d
- 1w
This page includes full information about the USD/CNH, including the USD/CNH live chart and dynamics on the chart by choosing any of 8 available time frames.
By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of display of the USD/CNH live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart. All clients that have not yet decided which instrument to trade are in the right place since reading the full characteristics of the USDCNH and watching its performance on the charts will help them to make their final decision.
USD/CNH Technical Analysis
The technical analysis of the USDCNH price chart on 4-hour timeframe shows USDCNH,H4 is rebounding above the 200-period moving average MA(200) after retracing to one-month low five days ago. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 7.2086. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 7.1447. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CNH
China’s inflation slowed in October. Will the USDCNH price rebounding persist?
China's consumer prices continued slowing in October, while factory-gate prices fell at faster pace. The National Bureau of Statistics of China reported China’s Consumer Price Index (CPI) rose 0.3% over year in October after gaining 0.4% in September when no change in inflation rate was expected. At the same time core inflation, which excludes volatile food and fuel prices, rose 0.2% in October, accelerating from 0.1% in September. Meanwhile, Producer Price Index (PPI) dropped 2.9% over year after 2.8% fall in September when a 2.5% decline was expected. China’s government announced a 10 trillion yuan ($1.4 trillion) stimulus package on Friday which may boost Chinese economic activity. However, it is going to be used to ease local government "hidden debt" burdens, rather than directly being injected into the economy. Slower than expected increase in Chinese consumer prices is bearish for Chinese currency and bullish for USDCNH pair.
Indicator | Signal |
RSI | Neutral |
MACD | Buy |
Donchian Channel | Neutral |
MA(200) | Buy |
Fractals | Neutral |
Parabolic SAR | Buy |
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