We all know that the Yuan does not float like western currencies and there is consistent manipulation on a daily basis in terms of the Yuan's strength.
I believe a revaluation and true appreciation of the Yuan is due, with technical (RSI=70), geo-political (Trade Tariffs between China and Us will never end well, china has mad treasury bonds that they can drop on the market at any time), and overall fundamental (Overbought) signals a huge short on the USDCNH.
Tangentially, I have never seen the USDCNH breach the 7.00 USD threshold not that China cant manipulate it either way but the recent losses in the chinese stock market show a need for an appreciating Yuan.
Let me know what you think. Not that I care because I make mad money kidd.
I believe a revaluation and true appreciation of the Yuan is due, with technical (RSI=70), geo-political (Trade Tariffs between China and Us will never end well, china has mad treasury bonds that they can drop on the market at any time), and overall fundamental (Overbought) signals a huge short on the USDCNH.
Tangentially, I have never seen the USDCNH breach the 7.00 USD threshold not that China cant manipulate it either way but the recent losses in the chinese stock market show a need for an appreciating Yuan.
Let me know what you think. Not that I care because I make mad money kidd.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.