fbpx

Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details‚Äč

USDCNH 8 Nov 2023

USDCNH 8 Nov 2023 on Daily Timeframe. It can be seen that the pair is experiencing a fairly long sideways movement between the R1 and R2 ranges. Although the pair had experienced bearish at the beginning of this month and was within the kumo cloud on the ichimoku indicator, the pair has managed to survive and initiate a trend reversal. This is also reinforced by the chart on the stochastic indicator which looks to be in a saturated zone that allows a trend reversal. If the trend turns into bullish then go-long is an option. Otherwise if there is a factor that is able to influence market movement and make this pair drop through R1 then go-short is an option. Keep an eye on the market movement and calculate all possibilities before making a trading decision.

FPG LIVE SUPPORT

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.