China Sets Date For Its Newest Tariff Counter-attack
China will slap 25% tariff rate on $16 billion worth of its U.S. imports, starting August 23 – in an apparent tit-for-tat against the U.S.
The announcement from the Chinese Ministry of Commerce comes close on the heels of the U.S. Trade Representative’s decision to impose 25% levies on $16 billion of Chinese goods also commencing on August 23.
And the ‘war’ might be far from over. The U.S. is also weighing its options to raise tariff rate to 25% from 10% on an additional $200 billion of Chinese imports. Should the U.S. go forward with the tariff hike, China is ready with a list of $60 billion worth of American goods to impose further levies on.
CNYUSD in -2.01% downward trend, sliding for three consecutive days on June 12, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CNYUSD declined for three days, in of 223 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 93 cases where CNYUSD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 09, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CNYUSD as a result. In of 137 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CNYUSD turned negative on June 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 120 similar instances when the indicator turned negative. In of the 120 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for CNYUSD entered a downward trend on May 05, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
