Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It's too early to call a trend, but since the Fed announcement the yuan has lost ground against other major currencies. Here's one example:
Source: http://www.xe.com/currencycharts/?from=CNY&to=EUR&view=12h
Bullish.
Source: http://www.xe.com/currencycharts/?from=CNY&to=EUR&view=12h
Bullish.
And you're posting a EURO /CNY chart.
The USD/CNY chart shows the contrary..
Bearish
CNY and USD haven't moved much relative to each other, they are in the same range as before the annoucement, but USD is also down against the Euro, as well as the other currencies in the drop-down selection box.
Edit: nevermind, it looks like all the currency pairs are returning to pre-announcement ratios. Just the system absorbing the news, I guess.