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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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
plan your trade and trade your plan
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.