3.4-day USDCNH forex market trend analysis.
The full English name of the ISM index is "Institute of Supply Management Manufacturing Index", which is an important data released by the American ** Management Association, which has an important impact on reflecting the economic prosperity of the United States and the trend of the US dollar. The ISM index is divided into two categories: the Management Association Manufacturing Index and the Management Association Non-Manufacturing Index.
Last Friday, too, the US ISM employment index for February was released at 459。The previous value was 471, down 1. month-on-month2。The decline in the ISM employment index means a downturn in the US economy, which is bearish for the US dollar.
Today's USDCNH forex market trend analysis:
Today we analyze the recent trend of the USDCNH forex market from the 4 o'clock technical indicator chart. As shown in the MACD chart, the intersection of the fast and slow lines pointed by the arrow shows a positive zone death cross to the lower right, which means that the trend is in the trend. It can be seen that after the formation of the death fork in the positive area, ** began to gradually decrease with the gradual increase of the kinetic energy column in the negative area. Approaching today's MACD chart, the fast and slow lines have a tendency to gradually form a golden cross.
The candlestick shown above is on the middle band of the Bollinger Bands. If the fast and slow lines really form a golden cross in the future, at this time, there is a high probability that it will be gradually**, and users who want to go long can use the middle band of the Bollinger Bands as the support, and the upper Bollinger Bands as the resistance to go long. If there is no positive zone golden cross, then do not act first and continue to observe.
The above content only represents personal opinions and is not used as a basis for investors. If you agree with my point of view. Welcome to follow, like, **If you disagree with my point of view, welcome to follow and discuss.
Finally, I hope that you can make wise investment decisions based on your investment goals and risk tolerance.