#USDCNH-Update: Strong Rally, Continuation To Upside? #Forex
Traders,
UPDATE: Price has moved SIGNIFICANTLY well since I last posted this pair (See related ideas). There has been a strong rally, and holding for even more upside. Well done to anyone who caught this upside move, it has moved very well and there is no sign of the rally ending yet.
Compelling morning star signal on sideways support level and a clear bullish follow through suggests more upside could be seen off this level. Could see a rally in the form of a corrective or impulse move. Notice the strong bullish Stochastic divergence supporting upside move.
UPDATE: Price has moved SIGNIFICANTLY well since I last posted this pair (See related ideas). There has been a strong rally, and holding for even more upside. Well done to anyone who caught this upside move, it has moved very well and there is no sign of the rally ending yet.
Compelling morning star signal on sideways support level and a clear bullish follow through suggests more upside could be seen off this level. Could see a rally in the form of a corrective or impulse move. Notice the strong bullish Stochastic divergence supporting upside move.
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