WasabiChart

Spike in Yuan Spread: Prelude of what will happen to Yuan

看多
SSE:000001   SSE COMPOSITE
Spike in Yuan Spread: Prelude of what will happen to Yuan

Welcome back to WasabiChart!

Hi Everybody~ This is Wasabi.
I how you all enjoy a great weekend.

Today, I am going to introduce a new indicator showing the spread of the two Yuan currencies, CNH and CNY , in percent and we can apply to the current market situation.

The first chart is China Shanghai Index ( SSE Composite ) and the second one is USDCNH (Offshore Yuan).

As you might know, the CNY has a long history of the Chinese Yuan currency, circulated only inside of the mainland China. As compare to this, there's another Yuan currency circulated and traded outside of the mainland China, which is called CNH , also known as the offshore Yuan currency.

This CNH is currently being traded in multiple places such as Hong Kong, Singapore, London and Luxembourg. Due to the limitation of the access to the CNY by the foreign investors, there has been some degree of spreads in between.

With the recent rise in the tension of the US-China trade war, the spread between the two Yuan currencies is heightened remarkably.
The indicator line will be in red when it crosses above +0.25 % in the spread and in blue when under -0.25%.

When he USDCNH and/or USDCNY crosses above 7, we will see them skyrocket to the moon.

I hope you find it useful to assess where the Yuan currency is.

Happy trading!

Please subscribe and Like it!

Thanks,
WasabiChart
評論: Correction: I meant to say Long about USDCNH, USDCNY and Short about SSE Composite index.

評論

首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 關於 圖表功能 價格 推薦朋友 網站規則 幫助中心 網站 & 經紀商解決方案 小工具 圖表解決方案 輕量圖表庫 部落格 & 新聞 推特
概覽 個人資料設定 賬戶和賬單 推薦朋友 代幣 我的客服工單 幫助中心 私人訊息 在線聊天 登出