RSS Feed
Twitter
On October 6th this currency pair gapped up slightly at the open, then closed down on the day. The next open was a gap down with a mid-week low of 6.7737, slightly below my forecast support area of 6.7856.A few days of consolidation can be expected after which support around 6.7450 should come into range.
R1 – 6.8100
R2- 6.8300
S1 - 6.7737
S2 – 6.7450 (not shown on the chart)
MACD – negative and down
Mr. Li’s Sandwich – indicates potential support around 1.7600
USD/CNY chart as at 9 October 2008 using NextVIEW Advisor
Article and Commentary by Don Schellenberg
0 comments. Click here to post your comments:
Post a Comment
Click here to post your comments