CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
For Traders
Analytical Reviews
Technical analysis

29.08.202213:51 Forex Analysis & Reviews: USD/CNY analysis for August 29, 2022 - First upside target has been reached, second target in the playt at 73080

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 29.08.2022 analysis

USD/CNY has been trading upside as I expected. The price reached my first upside objective at 6.910 and is heading towards second upside target.

Trading recommendation:

Due to the strong upside momentum and no sign for the reversal, I see further growth.

Watch for potential buying opportunities on the intraday dips with the upside objective at 7.080.

MACD oscillator is showing fresh new upside momentum, which is good sign for further growth.

Key support is set at the price of 6.830

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2025
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




All Analytics
Wave analysis
EUR/USD Analysis on April 25, 2025 The wave pattern on the 4-hour EUR/USD chart has shifted into a bullish formation. It's safe to say that this transformation occurred solely due to the new U.S. trade policy
Chin Zhao
20:26 2025-04-25 +02:00
2395
Wave analysis
GBP/USD Analysis on April 25, 2025 The wave pattern on the GBP/USD chart has also transformed into a bullish, impulsive structure—"thanks" to Donald Trump. The wave picture closely resembles that of the EUR/USD pair. Until February
Chin Zhao
20:21 2025-04-25 +02:00
2110
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 12:00 UTC--4
Trading Signals for GOLD (XAU/USD) for April 25-29, 2025: buy above $3,270 (21 SMA - rebound)
18:02 2025-04-25
Technical analysis
Relevance up to 12:00 2025-04-29 UTC--4
The Yen Is Looking Stronger and Stronger
01:23 2025-04-25
Fundamental analysis
Relevance up to 11:00 UTC--4
Trading Signals for EUR/USD for April 24-26, 2025: sell below 1.1435 (21 SMA - 7/8 Murray)
17:06 2025-04-24
Technical analysis
Relevance up to 03:00 2025-04-30 UTC--4
The Market Has Nowhere Left to Run
11:57 2025-04-25
Fundamental analysis
Relevance up to 10:00 2025-04-29 UTC--4
Canada Awaits Election Results. USD/CAD Outlook
00:59 2025-04-25
Fundamental analysis
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.