USDCNH: Potential long term top

FX:USDCNH   U.S. Dollar/Chinese Yuan
With oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me.
You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU , XAG , CHF, CNH , so, we know these are relatively stronger (same as oil and other commodities ).

Good luck,

Ivan Labrie.
Dagangan ditutup secara manual: It isn't acting well, probably the PBOC at work here. Better stand aside, but keep an eye on it.
Hola amigo! And last time during long holidays in Sep the liquidity was bad for CNH and banks sold USD to get CNH. So on Monday another long week for RMB holidays and it can again press the dollar down.
Yes, I'm inclined to think that is the case, but I don't like the price action today.
We will have to wait and see.
Ivan, the chart looks good, so does this means CNY will be higher after 1st October 2016 ?
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Hantar maklum balas Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar