Browsing Tag

USDCNH

USDCNH Bullish Correction to 6.60

The current USDCNH structure indicates an intermediate degree impulsive wave (A), followed by a bullish zigzag in wave (B). Wave (B) consists of minor subwaves A-B-C. Minor waves A and B have completed their pattern in the form of a…

USDCNH Triple Zigzag To Form Final Wave

The USDCNH structure shows a bearish cycle correction b. This is a triple combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, waves (A) and (B) of Ⓩ have ended. A downturn is then likely in wave (C) near 6.60.…

USDCNH on Course for Correction

The primary structure of USDCNH resembles an ending diagonal. It consists of waves ①-②-③-④-⑤ and has completed its first three parts already at the time of writing. Wave ④ could end correcting shortly. An intermediate 3-wave move in…

USDCNH in Zigzag Pattern?

The current USDCNH structure shows a completed bullish impulse consisting of primary waves ①-②-③-④-⑤. The 5-wave pattern is part of wave a of a cycle degree a-b-c formation. Cycle wave b is a bearish zigzag consisting of waves Ⓐ, Ⓑ, and…