USD/CNH Bullish By 1% In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.12% for the last 10 sessions. At 09:07 EST on Wednesday, 24 April, USD/CNH (USDCNH) is $7.27.

USD/CNH’s yearly highs and lows, it’s 0.175% up from its 52-week low and 0.055% 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 oversold (<=20).

News about

  • Eur/usd recovers after US economic myth dented. According to FXStreet on Wednesday, 24 April, "It is now less certain EUR/USD is forming a Bear Flag price pattern as had previously been assumed. "
  • Eur/usd holds above 1.0700 on weaker US dollar, upbeat eurozone PMI. According to FXStreet on Wednesday, 24 April, "The EUR/USD pair holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. "
  • Eur/usd extends holding pattern ahead of pmis. According to FXStreet on Tuesday, 23 April, "S&P Global PMIs for America will be releasedduring the US session and are likely to further impact the EUR/USD pair."
  • Eur/usd price analysis: tests the major level of 1.0650; followed by the nine-day EMA. According to FXStreet on Tuesday, 23 April, "Moreover, the lagging indicator, Moving Average Convergence Divergence (MACD), indicates weakness for the EUR/USD pair as it resides below the centerline and the signal line. ", "On the upside, the immediate barrier for the EUR/USD pair could be the nine-day Exponential Moving Average (EMA) at 1.0675. "
  • Eur/usd steady near 1.0650 as markets gear up for pmi-heavy Tuesday. According to FXStreet on Monday, 22 April, "The EUR/USD is testing the waters near 1.0650 after a quiet Monday saw the major pair flatline ahead of a densely-packed economic data docket. ", "Daily candlesticks see the way open for an extended decline into the last major swing low near 1.0500, but recent price action could drag the EUR/USD back into the 200-day EMA at 1.0807."

More news about USD/CNH (USDCNH).

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