USD/CNH intraday: below its lower Bollinger band

USDCNH

Trading Central 2021-01-13 03:01:07

Our pivot point stands at 6.4621.

Our preference: the downside prevails as long as 6.4621 is resistance.

Alternative scenario: above 6.4621, look for 6.4713 and 6.4768.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 6.4572 and 6.4645). Finally, the USD/CNH has penetrated its lower Bollinger band (6.4508).

Supports and resistances:

6.4768 **

6.4713 *

6.4621 **

6.4584

6.4505 last

6.4342

6.4287 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.