(VIANEWS) – USD/CNH (USDCNH) has been up by 2.06% for the last 21 sessions. At 10:18 EST on Thursday, 29 August, USD/CNH (USDCNH) is $7.09.
USD/CNH’s yearly highs and lows, it’s 0.11% up from its 52-week low and 0.562% 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
- According to FXStreet on Tuesday, 27 August, "In terms of resistance, the USD/JPY pair may challenge the immediate barrier at the nine-day Exponential Moving Average (EMA) around the 145.67 level. ", "On the downside, if the USD/JPY pair stays below the downtrend line, it could hover around the seven-month low of 141.69, recorded on August 5. "
- Usd/jpy price forecast: falls below 144.00 as downtrend resumes. According to FXStreet on Tuesday, 27 August, "The USD/JPY retreats from around the 145.00 area and tumbles under the 144.00 figure as US Treasury bond yields edge lower. ", "Conversely, if USD/JPY clears the 144.00 figure, the pair could aim upward and challenge higher prices. "
- According to FXStreet on Wednesday, 28 August, "In terms of resistance, the USD/JPY pair may challenge the immediate barrier at the nine-day Exponential Moving Average (EMA) around the 145.23 level. ", "However, conflicting policy outlooks from the Bank of Japan (BoJ) and the Federal Reserve (Fed) are exerting downward pressure on the USD/JPY pair. "
- Usd/jpy price forecast: climbs amid strong US dollar, eyes 145.00. According to FXStreet on Wednesday, 28 August, "Conversely, if USD/JPY remains below 145.00, this could pave the way for testing the 144.00 figure. ", "The USD/JPY reverses its course and registers decent gains of over 0.50% on Wednesday as the Greenback gains some steam, yet it remains vulnerable to the release of crucial data over the remainder of the week. "
- According to FXStreet on Thursday, 29 August, "Their effect on USD/JPY only became sustainable when they were accompanied by idiosyncratic USD weakness and, in particular, when it became foreseeable that the BoJ’s monetary policy would turn.", "Most of the MOF’s foreign exchange reserves may have been purchased at much lower USD/JPY rates."
More news about USD/CNH (USDCNH).
