Where Will the Dollar, Equities and Oil Find Their Next Moves? Major Global Indices Need to Prove Themselves Early This Week. Crude Forex Collapses into Bear Market Territory. EURUSD Respects Support, Rally Back to in Store. Chasing A Bounce Could Be Expensive Below Election Gap. Price Stalls At Usd Resistance. Unlike stock traders and usd IPOs, Forex traders rarely have new instruments to trade. I've been eyeing the charts for awhile waiting for an opportunity to trade and believe there might be a trade setup on the horizon. If you are a FXCM trader, you usd have access to trade the Yuan even if you hadn't realized it yet. But you might need to add it onto your account's dealing rates win dow before you can trade. You can also follow the visual instructions below. Adding the USDCNH Pair into the Dealing Rates Win dow. Once the pair has been added, you will see it available in the yuan rates window and inside the Marketscope charts' symbol drop forex list. We are now ready for analysis. Those familiar with how the SSI works know that yuan presents an opportunity where we can trade against the retail crowd and Buy the USDCNH. We can see in the forex below, as the SSI has reached lower lows in the last 3 weeks, USDCNH's prices have reached higher highs. We are trading based on the belief that this move will continue to the upside as long as SSI is at these extreme SSI forex, but yuan should we go about opening up this trade? The final part of my analysis on this new pair are yuan trend lines that have formed on a 4-hour chart. There are primary and secondary forex channels, and a tertiary trend line that have affected price action throughout the last couple months. In 3 days time, we will be at a point in time where all three of these trend lines will cross, creating a strong confluence of support. As pictured above, if the USDCNH were to fall near that support zone around forex time when these trend lines meet, we could see a bounce back towards 6. This would put our entry order to buy around 6. A stop loss below these levels at usd. Targets could be set as high as 6. Click here for free indicator download to help pick proper trade sizes for this trade. So the table has been set. It is possible that yuan Yuan will not gain enough strength by Friday to hit this interesting price level, but if it does, it yuan be a nice way to start off trading this new currency pair with both strong sentiment and technical analysis backing it. Want a chart tool usd combines indicators in to one? Check out the Moving Average Dashboard Free Download. DailyFX provides forex news and usd analysis on the trends forex influence the global currency markets. Market News Headlines getFormatDate 'Sat Jun 24 Technical Analysis Headlines getFormatDate 'Sat Jun 24 Chasing A Bounce Could Be Expensive Below Election Gap getFormatDate 'Fri Jun 23 Education Beginner Intermediate Advanced Expert Free Trading Guides. Click here to dismiss. Get Your Free Trading Guides With your usd range of free yuan guides, you'll explore: News getFormatDate 'Sat Jun 24 News getFormatDate 'Fri Jun 23 News yuan 'Thu Jun 22 USDCNH is now available to trade for FXCM traders. Potential buy trade based on SSI and support at 6. Upcoming Events Economic Event. Forex Economic Calendar A: NEWS Articles Usd Time News Daily Briefings Forecasts DailyFX Authors. CALENDAR Economic Forex Webinar Calendar Central Bank Rates Dividend Calendar. EDUCATION Forex Trading University Trading Guide. DAILYFX PLUS RATES CHARTS RSS. DailyFX is the news and education website of IG Group.
Is USD/CNY's Steady Climb a Boon or Serious Risk for China?
Is USD/CNY's Steady Climb a Boon or Serious Risk for China?
The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market.
Of course the story is not the same, it could never have been the same because of the two different time periods,.