USDCNH pair

The Chinese currency is increasingly gaining ground on world markets, and this phenomenon has not spared Forex trading.

Gradually, the Chinese yuan began to appear in traders’ terminals.

USDCNH is the main currency pair with which you can trade Chinese currency; at the moment it is the most liquid trading instrument involving the yuan.

What is attractive about such trade?

• Prospects - China ranks second in the world in terms of economic indicators, which means the popularity of its currency is growing.

• Different time zones - news on the US dollar is published in the evening and at night, Moscow time, and on the yuan at night and in the morning. This allows the use of fundamental analysis to track news releases for only one currency.

• High volatility - on some days the rate manages to pass more than 400 points, and this is with a four-digit quote.

•    Forex trend - most often has a clearly defined direction, which naturally makes trading easier and saves the trader’s nerves.

The USDCNH pair is a fairly new instrument and therefore not all brokers have it, but it is definitely in their arsenal Alpari broker. If the average spread on USDCNH usually ranges from 5 to 10 points, then on Alpari it ranges from 2 to 5.

Thanks to the dynamic trend, get your money back spread quite quickly, the pair is a universal tool and is suitable for trading by a trader of almost any level of training.