USD/CNH
USD/CNH market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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When it comes to trading, it’s just as important to assess your own behaviours as well as the market’s. More than a modern-day trading journal, simply log into our trading platform and select the Performance Analytics tab for in-depth insights on your strengths and weaknesses.
Economic calendar
USD/CNH details
USD/CNH is the forex ticker between the Chinese yuan and the USD dollar. It tells traders how many yuan it would take to buy a single US dollar.
The yuan is the offshore Chinese currency, but when its traded domestically it’s listed as the Chinese renminbi (CNY). CNH is not as tightly controlled as CNY by the Chinese government, but it has still been kept low against the US dollar to keep Chinese exports competitive.
Despite artificial control, the exchange rate between the two largest global economies is often volatile due to the growing tensions between the US and China.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | 0.52 |
| Short | -1.39 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.0003 Points |
Margins
| 0 - 15,000,000 | 5.0 % |
| 15,000,000 - 25,000,000 | 10.0 % |
| 25,000,000 + | 20.0 % |
Dealing
| Spreads from | 0.0003 Points |
Margins
| 0 - 15,000,000 | 5.0 % |
| 15,000,000 - 25,000,000 | 10.0 % |
| 25,000,000 + | 20.0 % |
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