(VIANEWS) – USD/CNH (USDCNH) has been up by 0.85% for the last 5 sessions. At 02:07 EST on Tuesday, 11 July, USD/CNH (USDCNH) is $7.20.
USD/CNH’s yearly highs and lows, it’s 0.021% up from its 52-week low and 0.506% 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 9th July – 15th July – 09 July 2023. According to DailyForex on Sunday, 9 July, "However, technical traders may laugh at this and simply say, the EUR/USD had been oversold recently and the movement upwards was a reaction to this dynamic. ", "While it would be easy to say the EUR/USD went up this week as predicted, based on the notion it was felt the currency pair had been oversold the prior week, this could also be foolhardy too. "
- Eur/usd sits at weekly highs above 1.0950 amid a quiet start to a big week. According to FXStreet on Sunday, 9 July, "This week’s Germany’s ZEW survey and US Consumer Price Index (CPI) will be closely followed by EUR/USD traders.", "Next of note for traders remains the Chinese inflation data, which could have a significant impact on risk sentiment and the US Dollar valuations, in turn, influencing the EUR/USD price action. "
- Eur/usd price analysis: bulls await a breakout through two-month-old descending trend-line. According to FXStreet on Monday, 10 July, "Bulls, however, might wait for a convincing breakout through a descending trend-line hurdle extending from the May swing high, currently around the 1.0980-1.0985 area, above which the EUR/USD pair could retest the June swing high, around the 1.1010 zone. ", "The EUR/USD pair struggles to capitalize on last week’s solid bounce from the vicinity of the 100-day Simple Moving Average (SMA) support near the 1.0830 area and remains on the defensive through the Asian session on Monday. "
- Eur/usd: the next move higher will be to the upside – MUFG. According to FXStreet on Monday, 10 July, "The EUR is proving resilient in the near term to the disappointing economic data flow from the Eurozone with EUR/USD continuing to trade towards the top of this year’s range between 1.0500 and 1.1000. "
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