Weekly: After a 10% drop, a bullish engulfing candle is formed. This week is key, technically, if weekly candle is not a big bearish candle, then it might be at the very beginning of big rally!
Daily: First time to test my mid-term MA and try to close above it since July of last year. Now, It's approaching control high area which is the key.
Basically, Chinese stock market has performed very well last year due to economic growth and better-than-expected recovery from Covid-19. A lot of foreign investors has entered mainland market.
If dollar goes against CNH, I think it'll weigh on Chinese related assets, e.g. HK stock market. Outflow may occur under such circumstances.
Now, exchange rate still moves in the range area, once the range gets broken, a big rally for USD is expected around the corner against the backdrop of optimistic economic outlook of U.S.
Daily: First time to test my mid-term MA and try to close above it since July of last year. Now, It's approaching control high area which is the key.
Basically, Chinese stock market has performed very well last year due to economic growth and better-than-expected recovery from Covid-19. A lot of foreign investors has entered mainland market.
If dollar goes against CNH, I think it'll weigh on Chinese related assets, e.g. HK stock market. Outflow may occur under such circumstances.
Now, exchange rate still moves in the range area, once the range gets broken, a big rally for USD is expected around the corner against the backdrop of optimistic economic outlook of U.S.
plan your trade and trade your plan
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plan your trade and trade your plan
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。