USDCNH (US Dollar Against the Chinese Yuan): 5 August 2019, Monday

USDCNH (US Dollar Against the Chinese Yuan):

5 August 2019, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for USDCNH. Upmove means the Chinese Renminbi (Chinese Yuan) weakening against the Greenback Benchmark. The Chinese Yuan Flood is finally being unleashed into the markets now. The circled region pointed by the yellow arrow is where I forewarned that USDCNH will break up critical resistance of 7.0000. The impulsive wave up in USDCNH is resuming now. Black, red, and green resistances are all being broken out upwards as expected. This is the first wave of massive unleash of Chinese Yuan into the markets. This will prevent any bear in stock markets. This also means that China is paying tariff and helping US clear its US debts. Expected upmove in USDCNH is around 4,900 pips to 7,000 pips. When the Yuan has moved more than 5000 pips, many countries will feel a strong pressure to unleash money flood of their own into the markets.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

USDCNH (US Dollar Against the Chinese Yuan) Trading Set-up: 7 June 2019, Friday

USDCNH (US Dollar Against the Chinese Yuan):

7 June 2019, Friday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for USDCNH. Upmove means the Chinese Renminbi (Chinese Yuan) weakening against the Greenback Benchmark. Remember that some time back, before this critical break-up of key resistance, I had forewarned that China Central Bank PBOC will have to implement extreme monetary policy that will send the USDCNH soaring upwards? This is what is happening now: the Chinese Yuan breaking down key intraday supports so that the USDCNH breaks up key intraday resistances. In addition, this USDCNH breakup is on the back of a very large ascending triangle as illustrated. This means the Chinese Yuan depreciation is sustainable even though China maintains that they will keep the Chinese Yuan strong and stable. A very large flood of money tide is going to be released from the world's 2nd largest economy.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

USDCNH: 17 May 2019, Friday, 6.20pm Singapore Time

USDCNH: 

17 May 2019, Friday, 6.20pm Singapore Time

Attached is the Technicals of USDCNH (USD against Chinese Yuan) which has moved according to my forewarned directions as explained in my Facebook Tweets. All my followers are in the green now. The USDCNH has negated all built-up bearish divergences. This is very bullish in nature. The trendline in black has been reinforced to become a strong trend. Every time when the black trendline uptrend is being maintained and green classical resistances are being broken upwards, a major move happens. China continues flooding Chinese Yuan into the markets, making it the best trade, or even best investment, to be shorting the Chinese Yuan right now. Chinese Central Bank, the PBOC, offers the big brother protection as analysed earlier in my Facebook Page Posts.

Click here: 
The 3rd Dimension of Financial Market Analysis: 

Funds Flow Analysis

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

USDCNH (USD against Chinese Yuan): 15 July 2018, Sunday, 8.32pm Singapore Time

USDCNH (USD against Chinese Yuan): 

15 July 2018, Sunday, 8.32pm Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Technicals for USDCNH (USD against offshore Chinese Yuan). 

As this is a chart of USDCNH, an upmove means USD up and Chinese Yuan down while a downmove represents USD down and Chinese Yuan up with respect to each other.

The 2 red lines represent an Inverse (Reverse) Bump-and-Run which is essentially similar in nature to Dump-for-Entry. This is very bearish for the Chinese currency. The movement tallies with my earlier fore-warnings on my Facebook Wall Tweets that China will definitely have Chinese Yuan depreciate sharply to circumvent the US Trade Tariffs. Everything is enacting to my early analyses -- the Chinese Yuan plunged a sharp 4400 pips in a short time (around -7.00%) against the greenback and my smart followers made significant profits from the earlier fundamentals-logic deductions.

In the price structure above, note that an inverse bump-and-run means that the Chinese Yuan had already peaked (USDCNH bottomed) and is resuming a very long term downtrend, i.e. USDCNH will go up indefinitely in the current economic cycle. As even the USD itself is expected to peak too in its current dead cat bounce, this means that Chinese Yuan will be some of the weakest currencies of all currencies in the world (except of course the Venezuela Bolivar). From "trade war" which may fizzle out, the next bout may be currency war (the race to the bottom) between the world's number 1 economy and the world's number 2 economy.

The Donovan Norfolk Technical Rating:
Chinese Yuan Bearish against USD and 90% of all currencies worldwide. 
(Chinese Renminbi resumption of long term downtrend)

Donovan Norfolk Ang

USDCNH (US Dollar - Chinese Yuan): 15 March 2018, Thursday, 3.20pm Singapore Time

USDCNH (US Dollar - Chinese Yuan): 

15 March 2018, Thursday, 3.20pm Singapore Time

(Click on Technical Chart above to Expand)

Attached above is the technicals for the USDCND. 

USDCNH is preparing for a large move down, i.e. big wave down in USD is expected and big wave up in Chinese Renminbi (Chinese Yuan) is expected. The large bear pennant pole yielded a large bear pennant consolidation. The bear pennant is ready to yield the next wave of large bear pennant pole down. The move is consistent with the protectionist trade policies that Donald Trump is attempting to implement for the US. All illustrations are as on the technical chart.

The Donovan Norfolk Technical Rating on USDCNH:

Bearish

(Short)

Donovan Norfolk Ang

USDCNH Implications: The Coming Money Flood into Asia Markets

USDCNH Implications: 
The Coming Money Flood into Asia Markets

29 June 2017, 9.55am Singapore Time

(Click on Chart above to Enlarge)

Attached above is the technicals for USDCNH indicating the price actions of the US Dollar against the Chinese Yuan (Renminbi). My live warnings in end-2016 and early-2017, forewarning that the USD will sell off on FED tightening and FED rate hikes, is being enacted in the forex markets right now and my warnings that hot monies will flood into Asia is also in the brewing right now. Using Chinese Yuan as litmus (weak currency benchmark in Asia), the strength in Chinese Yuan and the real direction of Yuan brewed in 2017 means that all Asian currencies will be bullish and that smart monies are accelerating their money flood into Asia (stocks and equities). Financial markets in Asia will hyper rally as forewarned in 1H-2016 and 2H-2016 during the gloom and doom of 2016.

Donovan Norfolk Ang