Friday, October 16, 2026

Technicals

Add as a preferred source on Google

USD/CNH bought at 6.2600 with a tight stop

-50pts in Asia after dropping 40pts yesterday - extends 2 weeks of weakness Price closed below 6.2774 rising 20dma - targets 6.2585, 38.2% of 2015 rise 5, 10 & 20 dma's conflict - momentum studies move lower Modest negat…

By Meredith J C Warren
1 min read
USD/CNH bought at 6.2600 with a tight stop
Image from the original EconoTimes article

Read the original article

  • -50pts in Asia after dropping 40pts yesterday - extends 2 weeks of weakness

  • Price closed below 6.2774 rising 20dma - targets 6.2585, 38.2% of 2015 rise

  • 5, 10 & 20 dma's conflict - momentum studies move lower

  • Modest negative setup seems like early Feb - preceded a rebound

  • Yesterday's 6.2680 low & earlier 6.2758 high initial support/resistance

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team