(VIANEWS) – USD/CNH (USDCNH) has been up by 0.97% for the last 5 sessions. At 11:09 EST on Thursday, 11 April, USD/CNH (USDCNH) is $7.26.
USD/CNH’s yearly highs and lows, it’s 0.113% up from its 52-week low and 0.095% 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 stays steady ahead of US cpi, ecb’s policy meeting. According to FXStreet on Tuesday, 9 April, "That would widen the interest rate differentials between the Eurozone (EU) and the US, favoring further EUR/USD downside.", "On the other hand, if sellers clear the confluence of the 50 and 200-DMAs at around 1.0830s, the EUR/USD could challenge the 1.0800 mark. "
- Eur/usd under pressure after US CPI and FOMC minutes. According to FXStreet on Wednesday, 10 April, "The EUR/USD pair declined to 1.0739, representing a substantial decline of 1.1%. ", "In the broader outlook, the EUR/USD also exhibits a bearish trend as it is positioned below key Simple Moving Averages (SMAs). "
- Eur/usd penned in as traders await US CPI. According to FXStreet on Tuesday, 9 April, "German yields are rising faster than US yields according to Gregor Horvat of advisory firm Wavetraders, which may explain why EUR/USD keeps going higher despite the strong US data.", "Horvat uses Elliott Wave analysis, a type of cycle theory, and expects EUR/USD to continue its rally up to 1.0920 before the ECB meeting on Thursday."
- According to FXStreet on Wednesday, 10 April, "Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD and explains: "The Relative Strength Index (RSI) indicator on the daily chart stays flat near 50 ahead of the US inflation data, highlighting EUR/USD’s indecisiveness in the short term. ", "If EUR/USD rises above 1.0870 (100-day SMA) and starts using this level as support, it could target 1.0960 (Fibonacci 23.6% retracement level of the October-December uptrend) next. "
- Eur/usd price analysis: moves above 1.0850; next barrier at previous week’s high. According to FXStreet on Tuesday, 9 April, "On the downside, the EUR/USD pair could find immediate support at the major level of 1.0850, followed by the nine-day EMA at 1.0833. ", "Additionally, technical analysis suggests a bullish sentiment for the EUR/USD pair. "
More news about USD/CNH (USDCNH).
