USDCNH

The current USDCNH formation hints to a bullish zigzag pattern which consists of primary waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓐ is a 5-wave impulse and wave Ⓑ is a triple zigzag. The latter consists of intermediate waves  (W)-(X)-(Y)-(X)-(Z). Currently,… Read More

The US/China trade war has largely faded from people’s focus over recent months. Following the signing of the phase one trade deal back in January and the subsequent outbreak of COVID-19, focus has shifted away from the trade negotiations. … Read More

The current USDCNH structure suggests that the primary Ⓐ-Ⓑ-Ⓒ zigzag is currently forming. Waves Ⓐ and Ⓑ are fully completed, whereas wave Ⓒ consisting of intermediate sub-waves (1)-(2)-(3)-(4)-(5) is still under development. After the… Read More

Usually, CPI data from China primarily affects CNH, since it mostly has implications on PBOC policy. But we aren't in a "usual" situation. Just like many are looking at China for clues as to how the coronavirus outbreak will progress,… Read More

The current USDCNH structure indicates that the market is currently forming the final part of a large bullish zigzag consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Impulse wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5).… Read More