ATA Continuation of
25.02.2014 – CHINA SYNDROME – Renminbi Shot Down…
14.08.2015 – Chinese Yuan – Chain Reaction…
01.12.2015 – China’s Renminbi – New Reserve Star is Born…
28.12.2015 – US Dollar – Chinese Yuan Fly High…
15.02.2016 – People’s Bank of China in Yuan ContrAction…
26.11.2016 – CHINESE YUAN PRESENT FREE FALL WAVE…but in the FUTURE…
1.07.2018 – YUAN – TRADE WAR CHINA SYNDROME…
11.07.2018 – TRUMP NEW VERBAL TRADE WAR STRIKE – YUAN…
20.07.2018 – YUAN in CURRENCY WAR…
25.07.2018 – New China Stimulus Factor – YUAN…
3.08.2018 – YUAN vs TRUMP – more China Tariffs…
New YUAN F/X Motives :
- The People’s Bank of China decided to adjust the foreign exchange risk reserve ratio of the forward sales business to 20%
&
- China Releases “Retaliation List” To US Tariffs, Will Levy Tariffs On $60BN In US Goods
this time…like always
Most Important is Real Smart Money Reaction…!!!
ATA MIND OVER MARKETS…
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
Present YUAN Situation
Motives
The People’s Bank of China Move
&
China Tariffs on US Goods
Technical Pattern :
USD/CNY SHOT DOWN Activated
Shooting Star Pattern – Monthly ; Weekly ; Daily & Intraday Charts
&
Ending Diagonal Pattern Intraday – H5 Chart
with
Compilation of Fib Ret & FIB Ext – Monthly ; Weekly ; Daily & Intraday Charts
Now after CHINA STRIKE
Most Important Key Levels still are..
Short Term View – 6.80 vs 6.85 – 6.88
&
Long Term View – 6.96 – 7.00
ATA Investment Conclusion :
STILL HIGH PROBABILITY OF ENDING FALLEN YUAN…!!!
so
Focus on USD/CNY
Move at 6.80 – 6.88 & 6.96 – 7.00 Zones
Now must wait for
Confirmation of Technical Pattern in FIB Zones…!!!
USD/CNY Monthly ; Weekly ; Daily & H4 – H5 Charts :
29.06.2018
11.07.2018
20.07.2018
25.07.2018
3.08.2018
3.08.2018 ( EOD )
