Yuan prefers scalpel over sledgehammer. Forecast as of 03.02.2021

USDCNH is stuck in the area of 2.5-year lows and is awaiting a hint from the US to determine the direction of further movement. Let us discuss the Forex outlook and make up a trading plan

Fundamental yuan forecast for six months

Markets are like travelers: they can't move in the same direction for a long time. They need a break from time to time. Forex is no exception. After explosive growth in May-January, the yuan entered a state of consolidation against the US dollar, in which it remains for the fourth week in a row. Even though the USDCNH bears have many… Read full author’s opinion and review in blog of #LiteForex