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USD CNH Technical Analysis - USD CNH Trading: 2025-01-27
USD/CNH Technical Analysis Summary
Above 7.2693
Buy Stop
Below 7.2428
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
USD/CNH Chart Analysis
USD/CNH Technical Analysis
The technical analysis of the USDCNH price chart on 1-hour timeframe shows USDCNH,H1 is retracing up toward the 200-period moving average MA(200) after hitting two-month low in the last session. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 7.2693. 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 7.2428. 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 manufacturing sector contracted in January. Will the USDCNH price persist rebounding?
China’s manufacturing sector shrank unexpectedly in January: the China Federation of Logistics and Purchasing (CFLP) reported the Manufacturing PMI declined to 49.1 for January from 50.1 for December when no change was forecast. Readings above 50.0 indicate industry expansion, below indicate contraction. January contraction was the first after expansionary momentum in the past three months. At the same time Business activity in non-manufacturing sector slowed: Non-Manufacturing PMI declined to 50.2 for January from 52.2 for December when a tick down to 52.1 was forecast. Chinese business activity decline is bullish for USDCNH currency pair.
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