After forming a beautiful double-top formation above 7 coming into 2020, we saw a fabulous downtrend in line with the USD weakness of 2020. But as Echo & The Bunnymen sang " Nothing ever last forever" and is that now the case with the USDCNH Monthly chart?
Do we see the start of a possible inverse Head & Shoulders pattern building here? Or just the start of summer malaise?
Id like to see price trade through 6.58 first, and then slide to approx 6.45 region which would back my theory. Watch and shoot over the next few months!
Do we see the start of a possible inverse Head & Shoulders pattern building here? Or just the start of summer malaise?
Id like to see price trade through 6.58 first, and then slide to approx 6.45 region which would back my theory. Watch and shoot over the next few months!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.