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

Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big Unlocks Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.

Author Mitrade

Dec 19, 2025

Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.

Silver Price Analysis: XAG/USD explodes above $80 as rally extends Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.

Author FXStreet

Jan 07, Wed

Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.

Finding The Best Japan Stocks to Buy? These are Top Japanese Companies to Watch Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.

Author Mitrade

May 29, Fri

Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.

US President Donald Trump says Iran talks to begin Monday after canceling attack US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.

Author FXStreet

Aug 03, Mon

US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.

Forex Today: Mideast uncertainty keeps USD supported ahead of next batch of US data Here is what you need to know on Tuesday, August 4:

Author FXStreet

Yesterday 10: 07

Here is what you need to know on Tuesday, August 4:

Popular Symbols