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Sergey Golubev, 2016.06.20 12:48
USD/CNH Technical Analysis: daily bullish to be continuing or the secondary correction to be started (adapted from the article)
"A break below 6.5880 may put the focus again on the 6.5500 prior support. A break below that level could put the spotlight on a major support
confluence zone (marked blue) that combines the 6.5000 handle, 200 day
SMA, trend line from October 2015, and the 6.47446 level, which is the
0.382 Fib from the long term up trend as marked from the 2014 low at
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is ranging within the following key support/resistance levels:
If the price breaks 6.6152 level to above so the primary bullish trend will be continuing.If the price breaks 6.5632 support level to below on close daily bar so the secondary correction will be started.If the price breaks 6.5373 support level so the reversal of the price movement to the primary bearish market condition will be started.By the way, Chinkou Span line is located above the price for the bullish condition with the possible secondary correction to be started in the near future by direction.
Sergey Golubev, 2016.06.24 16:07
The Brexit Result Will Have China Worried (adapted from the article)
USD/CNH H4: bullish breakout. The intra-day price is on breakout with the bullish reversal: price broke Ichimoku cloud to above for the primary bullish market condition with 6.6514 resistance level to be crossed for the bullish trend to be continuing. By the way, the daily price is on bullish breakout to be started today on open D1 bar, and the weekly price is on primary bullish market condition with 6.6152 resistance to be crossed to above for the close weekly bar for 6.7681 possible target.
Hang Seng Index H4: bearish breakdown with the ranging to be started. The price broke ichimoku cloud to below for the primary bearish market condition. Price is testing 19,749 support level with 19,566 bearish target and with descending triangle pattern to be formed by the price for the bearish trend to be continuing.