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Technical Analysis
Technical Analysis #C-LHOG : 2021-09-13
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[QUOTE="IFC Markets, post: 214896, member: 18359"] [HEADING=1]Yuan vs Yen Technical Analysis - Yuan vs Yen Trading: 2022-11-14[/HEADING] [HEADING=1]CNH JPY Technical Analysis Summary[/HEADING] Below 20,95 Sell Stop Above 19,55 Stop Loss [TABLE] [TR] [TH]Indicator[/TH] [TH]Signal[/TH] [/TR] [TR] [TD]RSI[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]MACD[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD]Sell[/TD] [/TR] [/TABLE] [HEADING=1]CNH JPY Chart Analysis[/HEADING] [URL='https://ifccd.net/uploads/image/tanalysis/new/786d53e3041e824f51faeaef7253205e471d443c.png'][IMG alt="CNH JPY Chart Analysis"]https://ifccd.net/uploads/image/tanalysis/new/786d53e3041e824f51faeaef7253205e471d443c.png[/IMG][/URL] [HEADING=1]CNH JPY Technical Analysis[/HEADING] On the daily timeframe, [B]CNHJPY: D1[/B] broke down the support line of the long-term uptrend, as well as the 200-day moving average. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if [B]CNHJPY: D1[/B] falls below the latest low of 19.55. This level can be used as an entry point. Initial risk cap possible above all-time high, last 3 upper fractals, upper Bollinger band, Parabolic signal and 200-day moving average line: 20.95. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal high. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (20.95) without activating the order (19.55), it is recommended to delete the order: there are internal changes in the market that were not taken into account. [HEADING=1]Fundamental Analysis of PCI - CNH JPY[/HEADING] China and Japan are expected to publish important economic data. Will CNHJPY quotes continue to decline? In this review, we propose to consider the personal composite instrument (PCI) Chinese Yuan/Japanese Yen. It declines when the yuan weakens against the yen. On November 15th will be published preliminary Japan GDP for the 3rd quarter, on November 17 - Trade Balance for October and on November 18 - inflation also for October. These data may help investors refine their forecast for a possible tightening of the monetary policy of the Bank of Japan (-0.1% current rate) at a meeting on December 20th. This week in China, some economic indicators for October will be released only on December 15: Industrial Production, Retail Sales, Unemployment Rate, Fixed Asset Investment. Preliminary forecasts of these data look moderately negative. [/QUOTE]
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