Look for Yuan to Turn Lower - TheStreet

NEW YORK (TheStreet) -- The holidays are a time when traders take time off and the pace of trading typically slows. Unfortunately, it is the slow times when currency moves can have the greatest impact.

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This chart of the Chinese yuan, above, suggests that the Yuan will weaken again. The yuan has broken its downtrend and has made a higher high and a higher low. Our 20-day momentum study is in an uptrend (lower panel). We have no inside track, but the price action suggests that China could announce or allow another devaluation at any time.

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