First of all, my previous idea regarding USDCNH is right. Now, the momentum to the upside is strong with key zone penetrated.
Secondly, after 11% drop since May of last year, 5% rebound is likely to happen(50% fibonacciretracement).
Thirdly, the pair might got issues around 6.67 which happens to be the Flip level.
It is not good news for Chinese assets, e.g. HK stocks, mainland stocks. The hiking US 10Y yield along with a stronger dollar and uprising crude oil price will weigh on the emerging market assets. Outflows might occur and further drop is expected around the corner.
Things aren't bad if we already have expectations for what might happen! Cycles all the time! After the correction, funds will come back given the strong economy growth of China in 2021 and 2022.
Secondly, after 11% drop since May of last year, 5% rebound is likely to happen(50% fibonacciretracement).
Thirdly, the pair might got issues around 6.67 which happens to be the Flip level.
It is not good news for Chinese assets, e.g. HK stocks, mainland stocks. The hiking US 10Y yield along with a stronger dollar and uprising crude oil price will weigh on the emerging market assets. Outflows might occur and further drop is expected around the corner.
Things aren't bad if we already have expectations for what might happen! Cycles all the time! After the correction, funds will come back given the strong economy growth of China in 2021 and 2022.
plan your trade and trade your plan
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plan your trade and trade your plan
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。