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MarketFX

USD/CNH Is 1% Down In The Last 10 Sessions

ViaNews Editorial Team

February 14, 2024

USD/CNH Is 1% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.42% for the last 10 sessions. At 06:12 EST on Wednesday, 14 February, USD/CNH (USDCNH) is $7.23.

USD/CNH's yearly highs and lows, it's 0.011% up from its 52-week low and 0.108% down from its 52-week high.

News about

  • Eur/usd churns on Monday with pair hampered by technical barriers. According to FXStreet on Monday, 12 February, "The pair remains capped by the 200-hour Simple Moving Average (SMA), and Monday's test above 1.0800 saw the EUR/USD quickly rejected back into the 1.0770 region.", "The EUR/USD remains down over 3% from December's peak bids near 1.1150, and a bearish trend sees little topside potential for the pair as the 50-day SMA turns bearish and is set for a downside crossover of the 200-day SMA."
  • Eur/usd analysis: warning of oversold levels - 12 February 2024. According to DailyForex on Monday, 12 February, "According to the performance on the daily chart above, the general trend of the EUR/USD pair is still bearish, and as we mentioned before, moving below the psychological support level of 1.0800 will support the bears to move further downward. "
  • Eur/usd advances to one-week top on softer usd, upside potential seems limited. According to FXStreet on Monday, 12 February, "A sustained move beyond might shift the near-term bias in favor of bullish traders and lift the EUR/USD pair to the 1.0900 round figure. ", "Apart from this, the underlying bullish sentiment across the global equity markets turns out to be another factor capping gains for the safe-haven buck and acts as a tailwind for the EUR/USD pair. "
  • Eur/usd forex signal: bullish rise from $1.0725 double bottom - 12 February 2024. According to DailyForex on Monday, 12 February, "My previous EUR/USD signal on 5thFebruarywas not triggered as the bullish price action unfortunately took place just below the support level which I had identified at $1.0726.", "In my previous analysis ofthe EUR/USD currency pairone week ago, I wrote that the technical picture had become notably more bearish, with the price chart showing that the price was moving down within a wide but symmetrical descendingprice channel. "
  • Eur/usd gains ground near 1.0800, ZEW survey, US CPI data eyed. According to FXStreet on Monday, 12 February, "The EUR/USD pair attracts some buyers near 1.0800 during the early Asian trading hours on Monday. "

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.