fbpx

Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details​

USDCNH 29 Feb 2024

USDCNH 29 Feb 2024 on the daily timeframe. The pair appears to be moving sideways since it failed to rally after breaking out of the kumo cloud two weeks ago. Despite dropping back into the kumo cloud, the pair is again trying to rally and break out of the kumo cloud. It is currently seen that the pair is experiencing bearish signals and also occupies a price position of 7.20819. If we refer to the stochastic indicator which also appears to be overbought, it is possible that the bearish trend will continue. Therefore go-short can be an option for traders. However, if the pair is able to reverse the trend and strengthen, then go-long is an option. Keep an eye on volatile market movements before making trading decisions.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.