{"id":12669,"date":"2022-10-21T06:59:56","date_gmt":"2022-10-21T06:59:56","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12669"},"modified":"2023-05-16T07:01:54","modified_gmt":"2023-05-16T07:01:54","slug":"usdcny-next-week-will-probably-top-and-turn-sideways","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/21\/usdcny-next-week-will-probably-top-and-turn-sideways\/","title":{"rendered":"USDCNY Next week will probably top and turn sideways"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The USDCNY pair has been on a very strong rise since it got detached from the 1D MA50 (blue trend-line) on August 11. The bullish channel resembles that of mid April &#8211; mid May, which topped on its 6.0 Fibonacci extension from its previous Support. The RSI is printing a similar sequence that was just before that top.<\/p>\n<p>As a result it is a possibility that the pair tops next week around 7.300 and then pulls back to the 4.0 Fib, turning sideways until it tests the 1D MA50 again, where the next long-term trend will be revealed: either a bullish continuation or a closing below it and a new bearish pattern will be introduced.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USDCNY\/tWeLPrZz-USDCNY-Next-week-will-probably-top-and-turn-sideways\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USDCNY\/tWeLPrZz-USDCNY-Next-week-will-probably-top-and-turn-sideways<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The USDCNY pair has been on a very strong rise since it got detached from the 1D MA50 (blue trend-line) on August 11. The bullish channel resembles that of mid April &#8211; mid May, which topped on its 6.0 Fibonacci extension from its previous Support. The RSI is printing a similar sequence that was<\/p>\n","protected":false},"author":611,"featured_media":12670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12669"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12669\/revisions"}],"predecessor-version":[{"id":12672,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12669\/revisions\/12672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12670"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}