Renminbi (USDCNH) Pullback Is Coming Before More Upside

by elliottwave-forecast.com | November 13, 2023 7:09 pm
In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig...

Renminbi ($USDCNH) Started A Correction Phase As Expected

by elliottwave-forecast.com | July 27, 2022 3:16 pm
In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. On February 2014, renminbi found support at 6.0153 and from there it made a perfect zig – zag correction...

Renminbi Should Continue To Appreciate Against USD In Long Term

by elliottwave-forecast.com | December 7, 2021 5:22 pm
In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. On February 2014, renminbi found support at 6.0153 and from there it made a perfect zig – zag correction...

USDCNH Formed Triangle Pattern On Daily Chart

by ForexCycle.com | December 13, 2017 7:21 am
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at...

USDCNH Is Forming A Triangle Pattern On 4-Hour Chart

by ForexCycle.com | November 6, 2017 4:33 am
The USDCNH pair seems to be forming a triangle pattern on its 4-hour chart. The price broke above a falling trend line last Friday, indicating that the short term downtrend from 6.6635 had completed at 6.5840 already....

USDCNH Broke Below Price Channel Support

by ForexCycle.com | November 1, 2017 10:18 am
USDCNH recently broke below the bullish price channel on the 4-hour chart, suggesting that the short term uptrend from 6.5555 had completed at 6.6635 already. Further decline would likely be seen over the next several days. The...

USDCNH Remains In Short Term Uptrend From 6.5555

by ForexCycle.com | October 25, 2017 11:01 am
USDCNH stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 6.5555. As long as the price is in the channel, the upside movement could be expected to continue...

USDCNH Broke Above Major Resistance Trend Line

by ForexCycle.com | October 2, 2017 11:47 am
USDCNH extended its upside movement from 6.4412 to as high as 6.6777, breaking through a major bearish trend line on its daily chart, confirming that the bearish movement from 6.8588 had completed at 6.4412 already. On the...

USDCNH Facing Major Trend Line Resistance At 6.6060

by ForexCycle.com | September 19, 2017 8:27 am
USDCNH rebounded sharply from 6.4412 after several months of steady decline, facing a major resistance trend line on its daily chart now at around 6.6060. The trend line would act as the key resistance for the bearish...

USDCNH Extended Its Bearish Move To 6.7006

by ForexCycle.com | August 8, 2017 8:52 am
USDCNH extended its bearish movement from 6.9867 to as low as 6.7006, breaking below the bottom support trend of the price channel at 6.7740 on its weekly chart, suggesting that the long term uptrend from the January...