(VIANEWS) – USD/CNH (USDCNH) has been up by 1.64% for the last 21 sessions. At 20:09 EST on Monday, 10 April, USD/CNH (USDCNH) is $6.89.
USD/CNH’s yearly highs and lows, it’s 0.007% up from its 52-week low and 0.059% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be overbought (>=80).
News about
- Eur/usd stays defensive around 1.0900 despite hawkish ecb, US inflation, fed minutes eyed. According to FXStreet on Sunday, 9 April, "While the fresh hawkish bets on the Fed and upbeat US data, as well as geopolitical woes, can pause the US Dollar weakness, the EUR/USD bears are far from the table and needs more clues to extend the upward trajectory amid the Easter Monday holidays.", "A 12-day-old rising wedge bearish chart formation, currently around 1.0860 and 1.1000, keeps EUR/USD bears hopeful."
- Eur/usd forex signal: moderately bullish ahead of US CPI data – 10 April 2023. According to DailyForex on Monday, 10 April, "The EUR/USD has been calm since Friday as European and American countries celebrate the Easter holiday. ", "The EUR/USD pair rose to a high of 1.0973 on Wednesday and then pulled back to a low of 1.0877 on Friday. "
- Eur/usd struggles to justify upbeat options market signals near 1.0900. According to FXStreet on Monday, 10 April, "Moving on, the Easter Monday holiday may restrict EUR/USD moves but the US Consumer Price Index (CPI) data and the latest Federal Open Market Committee(FOMC) Monetary Policy Meeting Minutes will be crucial for clear directions.", "That said, a one-month risk reversal (RR) of the EUR/USD price, a gauge of the spread between the call and put options, printed a mild daily gain to +0.020 by the end of Friday’s North American session. "
- Eur/usd forecast: overhead selling pressure – 10 April 2023. According to DailyForex on Monday, 10 April, "However, it is worth nothing that the EUR/USD is a great indicator of US dollar strength, and therefore an important signal."
- Eur/usd price analysis: 10-dma prods intraday sellers, 1.0850 is the last defense for bulls. According to FXStreet on Monday, 10 April, "Meanwhile, a daily closing beyond 1.0930 isn’t an open invitation to the EUR/USD bulls as the previous support line from mid-March, around 1.1015 by the press time, precedes the yearly high marked in January around 1.1035, to challenge further upside of the major currency pair.", "In a case where EUR/USD remains firmer past 1.1035, the late March 2022 high near 1.1185 will be in focus."
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