{"id":352703,"date":"2024-07-26T17:19:21","date_gmt":"2024-07-26T11:49:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=352703"},"modified":"2024-07-26T17:19:21","modified_gmt":"2024-07-26T11:49:21","slug":"bulls-to-retest-the-trend-line-at-7-2610-societe-generale-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bulls-to-retest-the-trend-line-at-7-2610-societe-generale-crypto-news\/","title":{"rendered":"Bulls to retest the trend line at 7.2610 \u2013 Societe Generale &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>USD\/CNY experienced a sharp down after falling from 7.2760. It briefly dipped below the 200-DMA (7.2200). It\u2019s trading upwards now, but it would be interesting to see if the pair can re-establish above the trend line at 7.2610, Societe Generale FX strategists note.<\/p>\n<h2 class=\"fxs_headline_medium\">An upward break above 7.2610 is possible<\/h2>\n<p>\u201cUSD\/CNY has experienced a sharp down move after facing stiff resistance near 7.2760 earlier this month. It breached an ascending trend line drawn since January and briefly dipped below the 200-DMA (7.2200).\u201d<\/p>\n<p>\u201cAn initial bounce is taking shape, but it would be interesting to see if the pair can re-establish above the trend line at 7.2610. This crossover can lead to resumption in up move. The MA near 7.2200 is short-term support.\u201d<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CNY experienced a sharp down after falling from 7.2760. It briefly dipped below the 200-DMA (7.2200). It\u2019s trading upwards now, but it would be interesting to see if the pair can re-establish above the trend line at 7.2610, Societe Generale FX strategists note. An upward break above 7.2610 is possible \u201cUSD\/CNY has experienced a sharp [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":159242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,308,12288,256,254],"class_list":["post-352703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdcnh","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=352703"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352703\/revisions"}],"predecessor-version":[{"id":352704,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352703\/revisions\/352704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159242"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}