(VIANEWS) – USD/CNH (USDCNH) has been up by 1.51% for the last 21 sessions. At 17:09 EST on Sunday, 18 August, USD/CNH (USDCNH) is $7.16.
USD/CNH’s yearly highs and lows, it’s 0.004% up from its 52-week low and 0.008% 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
- Eur/usd trades with modest gains amid softer usd, remains below 1.1000 mark. According to FXStreet on Friday, 16 August, "Apart from this, expectations that the European Central Bank (ECB) will cut rates again, amid declining inflation in the Eurozone, seem to cap gains for the EUR/USD pair.", "A combination of factors prompts fresh selling around the US Dollar (USD), which, in turn, is seen lending some support to the EUR/USD pair. "
- Eur/usd price forecast: seems poised to surpass 1.1000 mark and retest YTD peak. According to FXStreet on Friday, 16 August, "Some follow-through selling below the 1.0880 mark might expose the 200-day Simple Moving Average (SMA), currently pegged near the 1.0835 region before the EUR/USD pair drops to the 1.0800 mark.", "The EUR/USD pair builds on the overnight bounce from the 1.0950 area and gains some follow-through traction on Friday, albeit seems to lack bullish conviction. "
- A very significant change in the eur/usd forecast – commerzbank. According to FXStreet on Friday, 16 August, "Both together mean that we now have to assume that EUR/USD will rise significantly. "
More news about USD/CNH (USDCNH).
