Chart USD/CNY 1-Yr NDF Update: Staging corrective upmove |
|
Published at 01:43 (GMT) 21 Jan Swing from this week's low of 6.5930 is boosting corrective upmove with sight of the 6.6280 congestion high and a sustained move above latter will inspire stronger recovery to 6.6360 then 6.6490. Only setback below yesterday's low of 6.6050 to fade current strength. R5: 6.6680 Read More...
Filed under: Technical
Latest Posts
- What I See in FX Market
- T-Bonds and Gold Signal Impending Stock Market Break
- Weak Outlook for U.S. Economy Pressure Dollar
- Weakness Stays With Greenback; Yen Might Start Sliding as well
- US GDP and a Preview of Next Week’s US Releases
- Comprehensive FX and Futures Daily Commentary
- Weak Japanese Economic Data encourages Shedding of Risk
- Economic Indicators Review
- Forex - Chart USD/MXN Update: Consolidation starting to crumble
- 08/01/2010 - The Dollar is on the ropes, again
- Spain: Labour force, employment and unemployment - July 2010
- The Second Quarter Ended on a Soft Note
- Intuition and Trading
- Mixed data slows market enthusiasm
- A HEART-TO-HEART TALK