USDCNY

6 Aug 2020 ● 06:17 AM

The Chinese Yuan is joining the bear market seen in the dollar. It is breaking the expanding triangle in wave C up. The triangle itself has a truncated wave E, where wave E did not achieve its full potential. Prices are now breaking the B-D trendline and could much lower. 2014-2020 can be seen as a long term ABC move up.