(VIANEWS) – USD/CNH (USDCNH) has been up by 2.74% for the last 21 sessions. At 07:15 EST on Monday, 19 June, USD/CNH (USDCNH) is $7.16.
USD/CNH’s yearly highs and lows, it’s 0.507% up from its 52-week low and 0.089% 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
- Eur/usd: weekly forecast 18th June – 24th June – 18 June 2023. According to DailyForex on Sunday, 18 June, "The value near 1.09725 seen in the second week of May occurred as the EUR/USD was starting to ebb lower.", "The gains by the EUR/USD have been strong and traders cannot count on the price velocity seen last week to continue into the coming days. "
- Eur/usd bulls keep reins around mid-1.0900s on Juneteenth holiday, pmis, fed chair powell eyed. According to FXStreet on Sunday, 18 June, "Bearish spinning top candlestick at the multi-day high joins nearly overbought RSI conditions to challenge EUR/USD buyers.", "Juneteenth holiday in the US joins the light calendar to restrict immediate EUR/USD moves even as the latest headlines surrounding China allowed markets to remain hopeful and weigh on the US Dollar."
- Eur/usd price analysis: bearish spinning top, overbought RSI direct euro sellers toward 1.0900. According to FXStreet on Monday, 19 June, "It’s worth noting that the Juneteenth holiday in the US also joins the bearish spinning top candlestick on the daily chart of the EUR/USD pair and the overbought RSI (14) line to please the Euro bears of late.", "On the flip side, a daily closing beyond the 23.6% Fibonacci retracement of near 1.0960 and the previous day’s peak of around 1.0970 restrict the short-term EUR/USD upside."
- Eur/usd consolidates around 1.0940 due to mixed responses about fed’s rate guidance. According to FXStreet on Monday, 19 June, "The EUR/USD pair is oscillating in a narrow range around 1.0940 in the late Asian session. "
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