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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
USDCNH is firmer today and the primary uptrend has resumed.
- Technical trend readings are unsurprisingly in a bull mode position.
- Moving average studies, a positive price sequence of higher highs and higher lows and rising momentum, all point to a continuation higher in the pair.
- The extension higher signals scope for gains towards the following price points next:
- RES 1: 7.3693 1.00 projection of the Sep 12 - 28 - Oct 5 price swing.
- RES 2: 7.4000 Round number resistance
- RES 3: 7.4535 1.00 projection of the Sep 12 - 28 - Oct 5 price swing
- Initial support is at 7.1611, the 20-day EMA ahead of 7.0127, the Oct 5 low and key trend support.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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