Long USDCNH touching 3 year trend line & 200 Week SMA!

13 thg 9, 2017

After the 1.5 year trend break a while back the Yaun has been on a massive bull run(Remember the Yaun is stronger when the USDCNH falls), but now it is hitting the original bearish trend line at the same time as the Chinese government is making it easier to bet against the Yaun given that they are no longer worried about an uncontrolled bear market. The setup is prime. The RSI is also indicating that the USDCNH is over sold. I told you to short the dollar yaun at the last trend break and I was correct. Now I see another reversal on the horizon.