Menu

Search

  |   Technicals
Become a contributor

Menu

  |   Technicals

Search

FxWirePro:DXY downside capped by 21 day MA, any break below targets 95.60

FxWirePro: EUR/CAD minor trend bounces on hammer, major uptrend spikes through ascending channel – Accumulate on corrections

FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

FxWirePro:DXY Trade Idea

FxWirePro: NZD/USD slumps on rising odds of RBNZ rate cuts, break below 200-DMA will accentuate downside

FxWirePro: EUR/NZD finds strong resistance at 1.6770, good to go long on break above

FxWirePro: FTSE100 downside capped by 23.6% fib, good to sell on rallies

FxWirePro: Thai baht falls as trade balance data misses expectations

FxWirePro: Display of spinning top at wedge resistance hampers BTC/USD’s bullish momentum ahead of CME expiry

FxWirePro: USD/INR trades in narrow range, further sideways movement likely

FxWirePro: South Korean won falls gradually against euro, faces immediate resistance at 1,278 mark

FxWirePro: FTSE100 faces strong support around 7160, break below targets 7000

FxWirePro: USD/ZAR remains well supported below 14.00 mark, good to sell on rallies

FxWirePro: Aussie rises in early Asia after RBA governor Lowe’s speech

FxWirePro: Flurry of bearish patterns hamper USD/CHF minor uptrend, inverted head and shoulder pattern stimulates consolidation phase

FxWirePro: DAX30 trades flat, markets eye US-China trade talks

GBP/JPY forms double top and struggles to close above 200 day MA,dip till 143 likely

FxWirePro: USD/CNY trades in narrow range after China’s CPI, PPI data

Friday, February 9, 2018 6:50 AM UTC
0
comments
  • USD/CNY is currently trading around 6.3214 marks.
     
  • It made intraday high at 6.3315 and low at 6.3156 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained close above 6.3221 marks will test key resistances at 6.3436, 6.3649, 6.3855 and 6.4017 marks respectively.
     
  • Alternatively, a daily close below 6.3221 will drag the parity down towards key supports at 6.2980, 6.2850, 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
     
  • PBOC sets yuan mid-point at 6.3194 / dlr.
     
  •  Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • China Jan CPI y/y decrease to 1.5 % (forecast 1.5 %) vs previous 1.8 %.
     
  • China Jan CPI m/m increase to 0.6 % (forecast 0.7 %) vs previous 0.3 %.
     
  • China Jan PPI y/y decrease to 4.3 % (forecast 4.4 %) vs previous 4.9 %.

We prefer to take long position on USD/CNY only above 6.3400, stop loss at 6.2810 and target of 6.3649/6.3855.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Editor's Picks

Can robots be ‘money doctors’?

I ran 100 miles in a day, this is what happened to my body

Why life insurance companies want your Fitbit data

Five hangover cures, reviewed by experts

Vegan dogs: should they go meat free?

Insatiable: an unhelpful portrayal of binge-eating disorder
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-02-22 21:44:58
0m
S&P SAYS SWEDEN 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE
2019-02-22 21:11:23
0m
FITCH ON ITALY: SEE FOCUS ON UPCOMING EU ELECTIONS, FOLLOWED BY 2020 BUDGET, POTENTIALLY ANOTHER NATIONAL ELECTION, TO DEFLECT FROM DEVELOPMENT OF NEW REFORM MEASURES
2019-02-22 21:11:13
0m
FITCH SAYS ASSESS LAST YEAR'S "DIGNITY DECREE" LABOUR MARKET REFORM, NEW PENSION MEASURES AS HAVING MODERATELY NEGATIVE IMPACT ON ITALY'S MEDIUM-TERM GROWTH
2019-02-22 21:10:55
0m
FOR THE WEEK, THE S&P ROSE 0.62 PCT, THE DOW ADDED 0.57 PCT, THE NASDAQ GAINED 0.74 PCT
2019-02-22 21:10:47
0m
FITCH, ON ITALY, SAYS POLICY TENSIONS IN COALITION GOVERNMENT AND POTENTIAL FOR EARLY ELECTIONS ADD TO UNCERTAINTY OVER FISCAL AND ECONOMIC POLICY
2019-02-22 21:10:33
0m
FITCH SAYS ITALY'S GDP GROWTH HAS STALLED AS DOMESTIC POLICY UNCERTAINTY AND WEAKER EXTERNAL DEMAND HAS DRAGGED DOWN INVESTMENT
2019-02-22 21:10:25
0m
FITCH SAYS DOES NOT EXPECT ONGOING ARTICLE 7 DISCIPLINARY PROCEEDINGS BY EU AGAINST HUNGARY TO MAKE MUCH HEADWAY IN 2019
2019-02-22 21:10:17
0m
FITCH SAYS CONCERNS ABOUT INDEPENDENCE OF HUNGARY'S JUDICIARY ARE INCREASING
2019-02-22 21:10:08
0m
FITCH SAYS ITALY'S 'BBB' RATING & NEGATIVE OUTLOOK REFLECT EXTREMELY HIGH LEVEL OF GENERAL GOV DEBT & ABSENCE OF STRUCTURAL FISCAL ADJUSTMENT, OTHERS
2019-02-22 21:09:59
0m
FITCH RATINGS SAYS UPGRADE OF GEORGIA'S IDRS REFLECTS, AMONG OTHERS, "GEORGIAN ECONOMY PROVED RESILIENT TO NEGATIVE DEVELOPMENTS IN 2018"
2019-02-22 21:09:51
0m
FITCH AFFIRMS ITALY AT 'BBB'; OUTLOOK NEGATIVE
2019-02-22 21:09:15
0m
FITCH ON HUNGARY SAYS EXPECTS CONTRIBUTION OF NET EXPORTS TO GDP GROWTH TO REMAIN SUBDUED IN 2019-20
2019-02-22 21:09:04
0m
FITCH SAYS UPGRADES GEORGIA TO 'BB'; OUTLOOK STABLE
2019-02-22 21:08:46
0m
S&P 500 POSTS HIGHEST CLOSING LEVEL SINCE NOV. 8
2019-02-22 21:08:34
0m
FITCH RATINGS SYS UPGRADE OF HUNGARY'S IDRS REFLECTS HUNGARY UNDERGOING RAPID EXTERNAL DELEVERAGING
2019-02-22 21:01:25
0m
BRAZIL'S BOVESPA CLOSED AT 97,753.90, UP +0.85%
2019-02-22 21:00:56
0m
CANADA'S S&P/TSX COMPOSITE CLOSED AT 16,013.77, UP +0.08%
2019-02-22 21:00:17
0m
NASDAQ UNOFFICIALLY CLOSES UP 67.04 POINTS, OR 0.90 PERCENT, AT 7,526.75
2019-02-22 21:00:11
0m
S&P 500 UNOFFICIALLY CLOSES UP 17.58 POINTS, OR 0.63 PERCENT, AT 2,792.46
2019-02-22 21:00:05
0m
DOW JONES UNOFFICIALLY CLOSES UP 179.31 POINTS, OR 0.69 PERCENT, AT 26,029.94
Most Popular
1

FxWirePro: USDCAD trades lower on better than estimate Canadian retail sales, good to sell on rallies

2

FxWirePro: FTSE100 downside capped by 23.6% fib, good to sell on rallies

3

FxWirePro: AUD/CHF recovery struggles at 55-EMA, bias bearish

4

FxWirePro:DXY Trade Idea

5

America's Roundup:Dollar little changed in thin trading,Wall St trims gains ,Gold prices rise ,Oil prices dip as U.S. crude output hits record 12 million barrels per day-February 23rd,2019

6

FxWirePro: Fresh bids in OTC AUD markets on Chinese risks to Aussie, Are exorbitantly priced ATM puts justifiable?

7

FxWirePro: Old Wine In The New Bottle, If Hedging Sterling Awful, Swiss franc Instrumental

8

Swedish economic growth likely to have accelerated sequentially in Q4 2018

9

Ifo business climate for German economy falls strongly in February

10

Melania Trump Reveals Romantic Relationship With Donald Trump; They Are Actually Closer Than What People See or Think

Economics Monitor

February 22 20:00 UTC Released

USFCOJ Stock

Actual

0.548 Pounds B

Forecast

Previous

0.529 Pounds B

February 22 20:00 UTC Released

USBeef Stocks

Actual

495.624 Pounds M

Forecast

Previous

514.72 Pounds M

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 571305571305m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 571305571305m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 559485559485m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.