YUAN Offshore – US Dollar Bull Reversal Pattern Activated before Coronavirus Fear Main Strike…

YUAN  – stricte  YUAN Offshore  Back Today on ATA Research Radar 

 

ATA Continuation of…

2019 – Lasts 

1.10.2019 –  YUAN – 70-th Anniversary of the People’s Republic of China in Trade War Shadow…

5.11.2019 –  YUAN – CHINA BULL CONTRACTION to MASTER 7.00…

2020

17.01.2020 –  YUAN – US – China Trade Deal ‘Phase One’ Signed & China No “Currency Manipulator” Strikes…

 

YUAN  Present Main Motives

China Coronavirus Outbreak Fear Strike 

China New Year Holiday 

ASIA -China – Japan  & Global Slowdown or Recession Risk

&

Global Strong USD 

vs

Earlier 

US-China Trade Saga – ‘Phase One’ Signed

&

US removed China from ” Currency Manipulator ”

 

YUAN - 9

 

First…ATA from  17.01.2020

After

First…

70-th Anniversary of the People’s Republic of China

China F/X Break – No Sessions in China 

&

No Back above Key level 7.15 

with

Activated

Daily & H5 Bear Reversal Pattern

2B Pattern – Key Level 7.1480

&

Falling Wave

with

Break Down 

Psychological Key Level 7.00

Invert H&S Neckline – 6.96 

&

Cancel

August Bull Monthly Candlestick 

Close

Weekly Bull Gap 

Now dominating

Falling Wave 

with

almost Cancel 

Last  Daily Rising Wave 

Lows Key Levels 6.83 – 6.85 Zone    ”

 

&

ATA CHINA YUAN  Tweets…

 

 

 

Second…Present  YUAN  Situation 

YUAN MEDIUM & SHORT TERM  SITUATION 

ATA MARKET MODEL IN MEDIUM & SHORT TERM  ACTION  

 

ATA MIND OVER MARKETS

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…Key Motives

above in this text…

 

Second…Market Technical  Patterns 

YUAN Offshore 

USD/CNH 

Daily View 

After

Test Last Lows Zone 

Lower Edge 

Bull Reversal Pattern 

Ending Diagonal 

Key Level  6.85 ( Low 6.8459 ) 

with

Daily Bull Candlestick 

Lower Shadow 

( 20.01.2020 )

Now dominating

Fighting in Upper Edge Zone

Ending Diagonal 

Key Level 6.97 

&

Psychological Key Level 7.00 Zone 

with

MACD Daily Buy Signal 

 

Intraday H5 View 

After Activated

Bull Reversal Pattern 

Inverted 2B – Key Level 6.8660 

( 20.01.2020 )

Now dominating

Inverted Ending Diagonal 

Present Testing

Lower Edge – Key Level 6.9650

with

MACD H5 Sell Signal 

 

ATA  Investment  Conclusion 

Focus on

Present  USD/CNH Active Range 

6.95 – 6.96   vs    6.97 – 7.00  

with

Last Patterns Confirmation or Cancel 

and of course

New Coronavirus News

 

ATA  Maximes

MAJOR TOPS  WERE ALWAYS CREATED on SUPER GOOD NEWS

with

EUPHORY PHASE …!!!

vs

MAJOR BOTTOMS  WERE ALWAYS CREATED

on

SUPER NEGATIVE NEWS

with

PANIC PHASE

 

Market Trend always changed when Mainstream Media created 

One Slogan ” No Chance for Change “…

that’s why

Charts show you  Reversal Pattern First  ex ante…!!!

 

N – TIMES

Finally …

F/X  & Metals Maximes 

Risk strikes Fast…

Chart is More Important than 1000 Words…

Most Important is  Final  Smart Money Reaction….

First…Next Two Days H5 & EOD

 

 

USD/CNY  Monthly ; Weekly ; Daily  &  H4  – H5 Charts :

30.09.2019 – EOM 

USD-CNY - M

USD-CNY - W

USD-CNY - D

USD-CNY - H5

5.11.2019 – EOD

USD-CNY - M USD-CNY - W

USD-CNY - D

USD-CNY - H5

17.01.2020 – ( End Phase Asia Session ) 

USD-CNY - M

USD-CNY - W

USD-CNY - D

USD-CNY - H5

USD/CNH  Daily  &  H5 Charts :

29.01.2020 ( After End US Session ) 

USD-CNH - D

USD-CNH - H5

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