USD/CNH Analisi Tecnica | USD/CNH Trading: 2024-10-18 | IFCM Italy
IFC Markets Online CFD Broker

USD/CNH Analisi Tecnica - USD/CNH Trading: 2024-10-18

USD/CNH Technical Analysis Summary

Accelerometer arrow
Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 7.11471

Sell Stop

Sopra 7.14670

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articoli2583
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Neutro
MA(200) Buy
Fractals Neutro
Parabolic SAR Sell

USD/CNH Chart Analysis

USD/CNH Chart Analysis

USD/CNH Analisi Tecnica

The technical analysis of the USDCNH price chart on 4-hour timeframe shows USDCNH,H4 is retracing down toward the 200-period moving average MA(200) after hitting two-month high yesterday. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 7.11470. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 7.14670. After placing the order, the stop loss is to be moved to the next fractal high 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.

Analisi Fondamentale Forex - USD/CNH

China’s industrial output growth was above forecast for September. Will the USDCNH price retracing down persist?

China’s industrial output growth was above forecast for September: National Bureau of Statistics of China reported China’s Industrial Production rose by 5.4% over year in September after a growth of 4.5% in August when an increase of 4.6% was forecast. There were also two other positive data points for September: retail sales increased by 3.2% over year in September, up from 2.1% in August, and the unemployment rate fell from 5.3% in August to 5.1% in September. Accelerating Chinese industrial output expansion is bearish for USDCNH.

IFCM Trading Academy - Nuova era nell'educazione Forex
Supera il tuo corso:
  • Ottieni certificato
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

Close support
Call to Skype Call to messenger Call to telegram Call to WhatsApp Call Back