FX Daily: Renminbi Adjustment Continues
The trade-weighted renminbi has now fallen 6% from its highs seen in March. One cannot but think that this is a policy adjustment by Chinese authorities as they search to stimulate...
Symbol | Exchange | Currency |
|---|
The trade-weighted renminbi has now fallen 6% from its highs seen in March. One cannot but think that this is a policy adjustment by Chinese authorities as they search to stimulate...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Strong Sell |
| Technical Indicators | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Strong Sell |
| Summary | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Strong Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Three Outside Down Bearish | 1M | Current | |||
| Completed Patterns | |||||
| Engulfing Bearish | 1M | 1 | Nov 23 | ||
| Three Inside Up | 1M | 2 | Oct 23 | ||
| Three Outside Down Bearish | 1D | 2 | Dec 06, 2023 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Friday, December 8, 2023 | ||||||
| 15:30 | MXN | 65.50K | ||||
| Current Rate | 8.25% | |
| Chairman | Lesetja Kganyago |
Bank of Mexico(BdeM) | ||
| Current Rate | 11.25% | |
| Chairman | Victoria Rodriguez Ceja |