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Chinese Yuan Pattern forming ….
Posted on August 7, 2014 Leave a Comment
For years institutions have “bet” on the continued strength of the Yuan as a “safe bet.” That might have all changed around mid January of this year … from Jan-March the Yuan weakened appreciably. To quote one news article – “this move is particularly notable, as the yuan has broken through the 6.20 yuan per dollar […]
Chinese Yuan continuing to watch
Posted on March 22, 2014 Leave a Comment
we correctly ID an inflection point and it took off … now, a little higher is a SELL USD vs YUAN pattern a little higher. Watch this level shown below as it’s going to be extremely important. Here are the former posts … https://bartscharts.com//?s=chinese+yuan
Chinese Yuan weakening … not what we wanted to see
Posted on March 14, 2014 Leave a Comment
From a pattern perspective there are two scenarios: recent up move is a B wave that will complete in/around here and then fall into area located and then up (orange sequence of arrows) recent down move (blue arrows) completed the a-b-c correction and the dollar is going UP against the Yuan. note: when the candles […]
Chinese Yuan continued
Posted on March 5, 2014 Leave a Comment
in our last post we proposed 3 outcomes: the intervention was a shot across the bow … ruffle the feathers, so to speak, of the derivatives and carry trades being worked on this “no brainer” trade… it was the normal course of events, and things would return back to normal. this was a trend change and it […]
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