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U.S. Dollar / Chinese Yuan

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CNY/USD the magician's hand, the other oneSee chart. So Trump is going to tell China to stop manipulating their currency, right? When was the last time we were at these levels, hovering, oh yeh, 2008. Trying to establish a base, but it it breaches, look out below. Dollar soars, and too much strength is really not good, oil tanks, etc. etc. This is just one thing to watch, of a very many things that can go wrong now and soon. And it also could go well. And you have idiots NK playing power plays, for what purpose?
Short
by claydoctor
USDCNY: The trend that keeps on givingI'd like to bring your attention to the $USDCNY monthly chart here. If we examine previous levels of support and resistance, and analyze price action using Tim West's methods, we could conclude that the uptrend in this pair, and logically, the one in Bitcoin, has still ample upside in its future. It would be logical to observe 19% more upside in $USDCNY, and 760% more in $BTCCNY, if we maintain the current uptrend speed, which is yet to be seen. For now, we can look to fade short term and intermediate term selloffs in these instruments, with considerable comfort, and a rather high win rate. My preference is to hold bitcoin positions, but we can speculate on both instruments, and also in smaller timeframes. Good luck, Ivan Labrie.
Long
by IvanLabrie
3
cnyusd this make no senseHistoric lows for cnyusd. Easy to see previous effects on S&P when this pair dips, us markets dip. Started to this time, but whoops, something happened, the upset special, the unexpected, TRUMP, Oil ministers actually talking to each other, stealing all the headlines and the world attention away from, you guessed that HUGE CHINA MANUFACTURING ENGINE that could and did, and now is switching the a service economy, and using currency manipulation to fool its markets into thinking their GDP is just fine. It aint fine, its terrible. Trump knows this, he has pointed it out time after time, but no one cares. When China opens its doors to allowing another batch of its money to flee in january, this little pair will dip way below the black line, and Trump will enjoy the festivities for a moment, and then his first thing to do in office is deal with china currency issues affecting our economy and markets big time.
Short
by claydoctor
CNYUSD false hopeWe are headed for a battle with china currency in January, when their citizens can sell their Yuans again, and buy dollars. Yuan continuing to devalue, and then, our markets head up, why? The inevitable search for yield, the ultimate rotation, sell to buy something else that for now is heading up. Dollar gains, not good ultimately, Euro looking at heading down also. Oil heading North. Stronger dollar will ultimately be a dissaster. Trump has said it over and over again, currency with China war is on, everything else is just noise, and background music for day traders. The dark currency war cloud is forming for January. Let's see January 20 would be one of those days? But China may trump Trump's inauguration date with their cash outflows before that. Dealing with that may have to be one of his first to do's in office. And we are seeing strength levels on indicators for the CNYUSD NEVER BEFORE SEEN, they need to make more room on the indicator boxes for where this may be heading.
Short
by claydoctor
USDCNY 100% Will Drop Dec.2016Yes, take my words. Sell when price breaks the purple line, or else price will test upper grey line. Recommend to short when price fail to stand above 6.90. Fundamental: 1.USD---Bear will join to bring down the dollar as Trump's action scare out of investors. 1.1. When market is 99% sure of increasing interest rate, take the 1% side, because you will always win as the market manipulation is real. 2.CNY-Demand of CNY will increase as investors are now able to trade with HK(Hong Kong) Market. Technically :AB=CD Finish. Conclusion: No doubt CNY will find some buyer on this level and say good buy with the strong $ for a while.
Short
by Predictindex