(VIANEWS) – USD/CNH (USDCNH) has been up by 0.93% for the last 10 sessions. At 10:06 EST on Tuesday, 22 October, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.111% up from its 52-week low and 0.02% 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 oversold (<=20).
News about
- According to FXStreet on Monday, 21 October, "These comments fail to move the needle aroundthe Euro, keeping EUR/USD 0.10% lower on the day at 1.10854, as of writing."
- Eur/usd hovers near 1.0850, downside seems possible due to shift in policies outlook. According to FXStreet on Monday, 21 October, "Such a move could weigh on the Euro and exert downward pressure on the EUR/USD pair."
- Eur/usd oscillates in a range above 1.0800, not out of the woods yet. According to FXStreet on Tuesday, 22 October, "This, along with Philadelphia Fed President Patrick Harker’s scheduled speech, might influence the USD price dynamics and provide some impetus to the EUR/USD pair. ", "This might continue to undermine the shared currency, which, along with a bullish US Dollar (USD), validates the negative outlook for the EUR/USD pair."
- Eur/usd price analysis: trades above 1.0850, descending channel. According to FXStreet on Monday, 21 October, "A drop below this threshold would indicate an oversold condition, suggesting the possibility of an upward correction for the EUR/USD pair in the near future.", "On the downside, if the EUR/USD pair re-enters the descending channel, it could approach the "throwback support" near the psychological level of 1.0800. "
- Difficult short-term outlook for eur/usd – commerzbank. According to FXStreet on Monday, 21 October, "These questions are hardly surprising, given the weeks-long slide in EUR/USD that has taken the markets from 1.12 at the end of September to below 1.09. ", "This means that in order to see significantly higher EUR/USD levels, we would probably need to see an end to the USD rally."
More news about USD/CNH (USDCNH).
