USD/CNH Bearish Momentum: 0.84% Down In The Last 5 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.84% for the last 5 sessions. At 06:06 EST on Thursday, 25 July, USD/CNH (USDCNH) is $7.22.

USD/CNH’s yearly highs and lows, it’s 0.201% up from its 52-week low and 0.756% 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 backslides in runup to key midweek data prints. According to FXStreet on Tuesday, 23 July, "The Euro’s early decline on Tuesday has sent EUR/USD into fresh lows near 1.0850, and the pair is scrambling to find a foothold ahead of Wednesday’s meaningful trading window. "
  • Eur/usd price analysis: holds below 1.0850, further downside cannot be ruled out. According to FXStreet on Thursday, 25 July, "The EUR/USD pair trades on a flat note around 1.0840 despite the decline of the Greenback during the early European session on Thursday. ", " Technically, EUR/USD maintains the bearish outlook unchanged on the 4-hour chart as the major pair holds below the key 100-period Exponential Moving Average (EMA). "
  • According to FXStreet on Tuesday, 23 July, "At the press time, EUR/USD is grinding lower to near 1.0885, down 0.05% on the day."

More news about USD/CNH (USDCNH).

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