Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Technical Analysis

USD/CNH: Expected to trade between 7.2200 and 7.2430 – UOB Group

Source Fxstreet

US Dollar (USD) is expected to trade between 7.2200 and 7.2430 vs Chinese Yuan (CNH). In the longer run, сurrent price movements are likely part of a 7.2100/7.2800 consolidation range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Current price movements are likely part of a consolidation range

24-HOUR VIEW: "We expected USD to 'trade between 7.2200 and 7.2430 yesterday.' USD then traded in a narrower range of 7.2215/7.2371, ending the day little changed at 7.2274 (+0.02%). The price action provides no fresh clues, and we continue to expect USD to trade between 7.2200 and 7.2430."

1-3 WEEKS VIEW: "Our most recent narrative was from last Friday (14 Mar, spot at 7.2490), wherein 'the current price movements are likely part of a 7.2100/7.2800 consolidation range.' USD traded in a relatively quiet manner over the past few days and there is no change in our view."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the key West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.

Author FXStreet

12 hours ago

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.

Bitcoin network activity hits new high despite stalled prices — CryptoQuant Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.

Author FXStreet

12 hours ago

Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.

WTI falls to near $75.00 as shipping conditions improve in Hormuz West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.

Author FXStreet

18 hours ago

West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.

Gold Price Forecast: Hawkish Fed Triggers Gold Plunge, Can US-Iran Agreement Push Gold Past $4,360?During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov

Author TradingKey

Yesterday 10: 18

During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov

Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetite Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Author FXStreet

Yesterday 09: 15

Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Popular Symbols