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USD/CNH Bearish Momentum: 0.99% Down In The Last 10 Sessions

USD/CNH Bearish Momentum: 0.99% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 0.99% for the last 10 sessions. At 22:07 EST on Tuesday, 11 July, USD/CNH (USDCNH) is $7.19.

USD/CNH's yearly highs and lows, it's 0.114% up from its 52-week low and 0.28% 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: 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. "
  • Eur/usd forex signal: bullish breakout nears a key hurdle - 10 July 2023. According to DailyForex on Monday, 10 July, "This will be an important week for the EUR/USD pair since the US will publish the latest inflation data on Wednesday. ", "The EUR/USD exchange rate drifted upwards after the US published relatively weak jobs numbers on Friday. "
  • Eur/usd: greater risk of some pull-back towards 1.08 rather than trading sustainably above 1.10 – ING. According to FXStreet on Monday, 10 July, "We expect mostly USD-driven moves in EUR/USD this week, and see a greater risk of some pull-back towards 1.0800 rather than trading sustainably above 1.1000 - which could however be possible should US CPI surprise on the soft side."

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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