The USD/CNH is currently reporting moderate gains at 6.9218, having defended the 89-day SMA in the previous two trading days. The 15-minute chart shows a rising wedge breakdown (bearish pattern) has failed and the pair has violated the bearish falling tops pattern.  Still, it is too early to call a bullish reversal as the 5-day and 10-day EMAs are trending south. Notably, the 5-day EMA is acting as strong resistance today. The immediate outlook remains neutral and only a daily close below the 89-day SMA would revive the bearish view. 15-minute chart Daily chart Trend: Neutral USD/CNH Overview:     Last Price:  6.9208     Daily change:  74  pips     Daily change:  0.107%     Daily Open:  6.9134 Trends:     Daily SMA20:  6.9329     Daily SMA50:  6.8911     Daily SMA100:  6.8187     Daily SMA200:  6.5758 Levels:     Daily High:  6.9285     Daily Low:  6.8895     Weekly High:  6.9808     Weekly Low:  6.8524     Monthly High:  6.9798     Monthly Low:  6.8674     Daily Fibonacci 38.2%:  6.9136     Daily Fibonacci 61.8%:  6.9044     Daily Pivot Point S1:  6.8924     Daily Pivot Point S2:  6.8715     Daily Pivot Point S3:  6.8534     Daily Pivot Point R1:  6.9314     Daily Pivot Point R2:  6.9495     Daily Pivot Point R3:  6.9704  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 Ex-Fed Chair Yellen: Important to keep safeguards put in place after crisis FX Street 4 years The USD/CNH is currently reporting moderate gains at 6.9218, having defended the 89-day SMA in the previous two trading days. The 15-minute chart shows a rising wedge breakdown (bearish pattern) has failed and the pair has violated the bearish falling tops pattern.  Still, it is too early to call a bullish reversal as the 5-day and 10-day EMAs are trending south. Notably, the 5-day EMA is acting as strong resistance today. The immediate outlook remains neutral and only a daily close below the 89-day SMA would revive the bearish view. 15-minute chart Daily chart Trend: Neutral USD/CNH Overview:  … 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.
