(VIANEWS) – USD/CNH (USDCNH) has been up by 1.29% for the last 10 sessions. At 06:09 EST on Thursday, 17 October, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.189% up from its 52-week low and 0.118% 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
- According to FXStreet on Tuesday, 15 October, "Hence, any meaningful downfall in the USD/JPY pair might be seen as a buying opportunity and is likely to remain limited.", "Given that oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone, the USD/JPY pair might then aim to challenge the August monthly swing high, around the 150.85-150.90 region. "
- Usd/jpy price forecast: dips towards 149.00 on falling US yields. According to FXStreet on Tuesday, 15 October, "With USD/JPY climbing above 150.00, this clears the path for a move upwards to the 100-day moving average (DMA) at 150.98, ahead of the 200-DMA at 151.27.", "Although technical signals suggest buyers are in charge, the USD/JPY remains inside the Ichimoku Cloud (Kumo) and caps its advance. "
- According to FXStreet on Wednesday, 16 October, "This further assists the USD/JPY pair to hold steady around the 149.00 mark and warrants caution for the JPY bulls.", "Some follow-through selling, however, could make the USD/JPY pair vulnerable to weaken further below the 148.00 round figure and test last week’s swing low, around the 147.35 area. "
- Usd/jpy price forecast: rebounds off weekly lows, bulls target 150.00. According to FXStreet on Wednesday, 16 October, "While technical signals indicate that buyers are in control, USD/JPY remains within the Ichimoku Cloud (Kumo), which is limiting its advance. ", "Conversely, if USD/JPY drops below 149.00, the Tenkan-Sen at 147.95 will act as the first support for bulls. "
- According to FXStreet on Thursday, 17 October, "A convincing break below has the potential to drag the USD/JPY pair to the next relevant support near the 148.55 region en route to the 148.00 round figure and last week’s swing low, around the 147.35-147.30 area. ", "This keeps the yield on the benchmark 10-year US government bond above the 4% threshold and further undermines the low-yielding JPY, which, in turn, assists the USD/JPY pair to reverse a modest intraday dip and currently trade around the 149.50-149.55 region."
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