Currency pair US Dollar to Chinese Yuan USD/CNH is trading at 6.8214. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair USD/CNH. It is expected to test the area of signal lines near the level of 6.8410, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar to Chinese Yuan near the level of 6.7910.
USD/CNH forecast Chinese Yuan on May 30, 2017
Earlier, a strong signal was received for the sales of the pair USD/CNH, due to the crossing of signal lines at 6.8762 level. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 6.8540, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CNH quotations falling with the breakdown of the local minimum area at the level of 6.8020.