USD/CNH: Further retracement likely near term – UOB
- ByFXStreet-
The resumption of the selling pressure could force USD/CNH to recede to the 6.7000 region and probable 6.6700 in the next weeks, commented FX Strategi
Symbol | Exchange | Currency |
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The resumption of the selling pressure could force USD/CNH to recede to the 6.7000 region and probable 6.6700 in the next weeks, commented FX Strategi
In view of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, USD/CNH could now drift lower to, initially, the 6.7000 region in the next week
Economists at CreditSuisse continue to look for USD/CNH to trade in a 6.65-7.15 range over the next three months. PBoC’s “red line” for USD/CNY is at
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Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
---|---|---|---|---|---|
Moving Averages | Sell | Sell | Strong Sell | Buy | Strong Buy |
Technical Indicators | Strong Sell | Strong Sell | Strong Sell | Strong Buy | Strong Buy |
Summary | Strong Sell | Strong Sell | Strong Sell | Strong Buy | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
---|---|---|---|---|---|
Completed Patterns | |||||
Evening Star | 1M | 31 | Oct 19 | ||
Three Black Crows | 15 | 46 | May 19, 2022 01:15 |
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
---|---|---|---|---|---|---|
Thu, 19 May 2022 | ||||||
13:30 | USD | 1,320.00K | 1,343.00K | |||
13:30 | USD | 200.00K | 203.00K | |||
13:30 | USD | 192.75K | ||||
13:30 | USD | 16.00 | 17.60 | |||
13:30 | USD | 8.20 | ||||
13:30 | USD | 19.90 | ||||
13:30 | USD | 41.40 | ||||
13:30 | USD | 17.80 | ||||
13:30 | USD | 84.60 | ||||
15:00 | USD | 5.65M | 5.77M | |||
15:00 | USD | -2.70% | ||||
15:00 | USD | 0.30% | 0.30% | |||
15:30 | USD | 87.00B | 76.00B | |||
16:30 | USD | 0.60% | ||||
16:30 | USD | 0.755% | ||||
18:00 | USD | -0.589% | ||||
Fri, 20 May 2022 | ||||||
18:00 | USD | 563.00 | ||||
18:00 | USD | 714.00 | ||||
20:30 | USD | 3.60K | ||||
20:30 | USD | -22.60K | ||||
20:30 | USD | 470.90K | ||||
20:30 | USD | 310.80K | ||||
20:30 | USD | 193.30K | ||||
20:30 | USD | 13.50K | ||||
20:30 | USD | -112.50K | ||||
20:30 | USD | 121.80K | ||||
20:30 | USD | 19.10K | ||||
20:30 | USD | 174.60K | ||||
20:30 | USD | 21.70K |