Currency pair US Dollar to Chinese Yuan USD/CNH is trading at 6.8795. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair. Ichimoku Kinko Hyo Cloud near the level of 6.8820 is expected to test the lower boundary, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar to Chinese Yuan USD/CNH near the level of 6.8640.
USD/CNH forecast Chinese Yuan on May 25, 2017
Earlier, a weak signal was received for buy of the USD/CNH, due to the crossing of signal lines at the level of 6.8796. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 6.8920, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CNH quotations falling with the breakdown of the local minimum area at the level of 6.8680.