(VIANEWS) – USD/CNH (USDCNH) has been up by 1.65% for the last 10 sessions. At 04:12 EST on Monday, 14 August, USD/CNH (USDCNH) is $7.27.
USD/CNH’s yearly highs and lows, it’s 0.153% up from its 52-week low and 0.214% 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: weekly forecast 13th August – 16th August – 13 August 2023. According to DailyForex on Sunday, 13 August, "As the EUR/USD trades within sight of crucial one-month support levels, financial institutions which have been showing plenty of signs of risk-averse sentiment since the middle of July may remain rather cautious. ", "Traders who believe the EUR/USD has been oversold may be proven correct eventually, but jumping in front of the current bearish path could be expensive and dangerous. "
- Eur/usd sellers attack 1.0930 support on firmer yields, downbeat ECB concerns, focus on fed minutes. According to FXStreet on Sunday, 13 August, "Looking forward, the second reading of the Eurozone growth and inflation data will join the US Retail Sales and the Fed Minutes to entertain the EUR/USD traders moving forward. ", "A daily closing below the 100-DMA support of 1.0930 becomes necessary for the EUR/USD bears to keep the reins."
- Eur/usd price analysis: euro bears approach 1.0900 as sour sentiment, firmer yields propel US dollar. According to FXStreet on Monday, 14 August, "That said, a daily closing beneath the 100-DMA support of 1.0930 becomes necessary for the EUR/USD bears to prod the monthly low of around 1.0910."
- According to FXStreet on Monday, 14 August, "Following the news, EUR/USD pares intraday losses at the lowest level in a week, picking up bids to 1.0935 heading into Monday’s European session."
- Eur/usd slides to one-week low past 1.0950 as US dollar dribbles, focus on ECB vs. fed divergence. According to FXStreet on Monday, 14 August, "However, fears of debt market fallouts in China and the looming recession woes in the Eurozone exert downside pressure on the EUR/USD price, especially amid the firmer US Treasury bond yields.", "Looking ahead, a light calendar in the bloc joins the cautious mood ahead of Fed Minutes to prod the EUR/USD pair traders. "
More news about USD/CNH (USDCNH).
