(VIANEWS) – USD/CNH (USDCNH) has been up by 1.53% for the last 21 sessions. At 19:07 EST on Monday, 4 September, USD/CNH (USDCNH) is $7.28.
USD/CNH’s yearly highs and lows, it’s 0.069% up from its 52-week low and 0.007% 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
- Usd/jpy oscillates in a range just above 146.00 mark, bullish potential seems intact. According to FXStreet on Monday, 4 September, "The USD/JPY pair struggles to capitalize on Friday’s solid recovery from the 144.45 area, or its lowest level since August 11 and kicks off the new week on a subdued note. ", "This marks a big divergence in comparison to other major central banks, including the Fed, and suggests that the path of least resistance for the USD/JPY pair is to the upside. "
- Usd/jpy price analysis: pair maintains above 146.00, recent momentum remains tepid. According to FXStreet on Monday, 4 September, "A firm break below the latter could inspire the USD/JPY sellers to navigate the region around 23.6% Fibonacci retracement at 144.98, following the 38.2% Fibonacci retracement at 143.50.", "In the short term, the USD/JPY pair remains to be bullish as long as the 14-day Relative Strength Index (RSI) stays above 50."
- Usd/jpy eases above 146.00 as fed hawks struggle, Japan gdp, US ISM services PMI eyed. According to FXStreet on Monday, 4 September, "On the other hand, the receding odds of the Federal Reserve’s (Fed) hawkish moves in the future, mainly after Friday’s mixed US jobs report for August, also underpin the market’s optimism and weighs on the USD/JPY price.", "Meanwhile, the US-China tension and upward revision of the US growth forecasts for 2023 by the global rating agency Moody’s prods the USD/JPY bears amid a sluggish session."
- Usd/jpy technical analysis: weak yen continues to fluctuate – 04 September 2023. According to DailyForex on Monday, 4 September, "The general trend of the USD/JPY currency pair will remain upward until Japanese intervention in the markets to prevent further collapse of the price of the Japanese yen against the rest of the other major currencies. ", "In the long term and according to the performance on the daily chart, it seems that the USD/JPY currency pair is about to complete the downward breakthrough from the formation of the ascending channel. "
More news about USD/CNH (USDCNH).
