| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption

FxWirePro: GBP/AUD gives up early gains after UK GDP shock

FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains

Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900

FxWirePro: USD/CAD recovers slightly but trend is still bearish

FxWirePro: GBP/NZD gains some upside momentum but still bearish

FxWirePro- Major European Indices

FxWirePro: AUD/USD hovers near three –month high, scope for further upside

FxWirePro- Major Pair levels and bias summary

FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout

FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop

FxWirePro- Major Crypto levels and bias summary

FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains

NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/CNY jumps above 6.80 mark, PBOC sets yuan mid-point at 6.7995

Friday, June 16, 2017 5:51 AM UTC

USD/CNY is currently trading around 6.8141 marks.
It made intraday high at 6.8154 and low at 6.8038 levels.

Intraday bias remains bullish for the moment.
A sustained close above 6.8050 marks will test key resistances at 6.8209, 6.8298, 6.8354, 6.8671, 6.8882, 6.8942, 6.9010 marks 6.9080 marks respectively.
Alternatively, a daily close below 6.8050 will drag the parity down towards key supports at 6.7887, 6.7769, 6.7626, 6.7520 and 6.7436 marks respectively.
PBOC sets yuan mid-point at 6.7995/ dlr vs last close 6.8100.

We prefer to take long position in USD/CNY around 6.8090, stop loss at 6.7887 and target of 6.8526.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says

Tunisia Protests Grow as Opposition Unites Against President Kais Saied’s Rule

International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran

U.S. Soldiers Killed in ISIS Attack in Palmyra, Syria During Counterterrorism Mission

Judge Orders Return of Seized Evidence in Comey-Related Case, DOJ May Seek New Warrant

Thailand Vows Continued Military Action Amid Cambodia Border Clash Despite Trump Ceasefire Claim

Belarus Pledges to Halt Smuggling Balloons Into Lithuania

Belarus Frees 123 Political Prisoners in U.S.-Brokered Deal Over Sanctions

Israeli Airstrike in Gaza Targets Senior Hamas Commander Amid Ceasefire Tensions

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: USD/CNY jumps above 6.80 mark, PBOC sets yuan mid-point at 6.7995

Editor's Picks

Welcome to EconoTimes