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: May have enough momentum for USD to rise to 7.2820 – UOB Group

Source Fxstreet

US Dollar (USD) is expected to trade in a 7.2540/7.2700 range vs Chinese Yuan (CNH). In the longer run, there appears to be enough momentum for USD to rise to 7.2820, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Below 7.2450, the current upward pressure is set to ease

24-HOUR VIEW: "Yesterday, USD traded in a subdued manner between 7.2610 and 7.2715 before closing little changed at 7.2664 (+0.05%). The price action provides no fresh clues. Today, we expect USD to trade in a 7.2540/7.2700 range."

1-3 WEEKS VIEW: "After rising for a few days in a row, the advance in USD slowed yesterday as it closed largely unchanged at 7.2664 (+0.05%). However, USD appears to have enough momentum to rise further to 7.2820. On the downside, a breach of 7.2450 would mean that the current upward pressure has eased."

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

Recommended Articles

My Top 5 Stock Market Predictions for 2026 Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.

Author Mitrade

Jan 06, Tue

Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.

Bitcoin shows strong correlation with institutional demand following 7% uptick Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.

Author FXStreet

Yesterday 01: 37

Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.

Silver Price Forecast: XAG/USD corrects to near $86.50 as Iran stops killing protesters Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.

Author FXStreet

21 hours ago

Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.

Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailing Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.

Author Mitrade

21 hours ago

Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.

Bitcoin Hits $97K Despite Elevated PPI and Lack of US Tariff Decision Despite higher-than-expected Producer Price Index (PPI) inflation data for November, Bitcoin surged to new eight-week highs, diverging from US stock markets.

Author Mitrade

18 hours ago

Despite higher-than-expected Producer Price Index (PPI) inflation data for November, Bitcoin surged to new eight-week highs, diverging from US stock markets.

Popular Symbols