WHAT CAN YOU EXPECT FIRST QUARTER 2020 – USDCNY

We are looking for clear reversal and the charts says it all. With the trade deal all good to go we will see more business between the both countries and that include a fair currencies for trade.

Trump Says U.S. and China Will Sign Trade Deal in January

President Trump said that the ceremony would be held at the White House and that he would go to Beijing to continue discussions about a Phase 2 deal. READ MORE

TECHNICAL CHART

DESCENDING TRIANGLE AND SELLING PRESSURE STARTED

KEY TAKEAWAYS

  • Watch the MA200 & ICHI MOKU progress
  • RSI & STO also giving clear direction
  • Fundamentally also China will be under pressure to be fair in currencies weakness
  • Trump Impeachment will also put pressure on the USD

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