USD/CNH slipped 0.38 percent yesterday, confirming a bear flag breakdown on the daily chart. That continuation pattern usually accelerates the preceding bearish move. The pair, therefore, risks revisiting the recent low of 6.6733. The bearish case looks even stronger if we take into account the fact that yesterday’s candle was a bearish marubozu, which is a tell-tale sign of sellers dominating the proceedings. Daily chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australian Consumer Confidence (Westpac) adds to the line of bearish fundamentals for the Aussie FX Street 4 years USD/CNH slipped 0.38 percent yesterday, confirming a bear flag breakdown on the daily chart. That continuation pattern usually accelerates the preceding bearish move. The pair, therefore, risks revisiting the recent low of 6.6733. The bearish case looks even stronger if we take into account the fact that yesterday's candle was a bearish marubozu, which is a tell-tale sign of sellers dominating the proceedings. Daily chart Trend: Bearish Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
