Tag: USDCNH

USDCNH Moved in Ascending Price Channel on 4-hour Chart

by ForexCycle.com | May 12, 2017 6:05 am
USDCNH moves in the ascending price channel on 4-hour chart which is providing the near term support around 6.8910, indicating that the pair remains in the short term uptrend from 6.8680, and upward movement extended to as...

USDCNH Is Forming a Triangle Pattern on Daily Chart

by ForexCycle.com | May 11, 2017 8:28 am
USDCNH is in long term uptrend from 6.0152 (Jan 14, 2014 low). The highest record of this bullish movement is 6.9867 (Jan 3 high). After a sharp drop to 6.7817, the pair formed an ascending triangle pattern...