Future Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
USD/OFFSHORE RMB Jan 2019 (E) (CME:CNH.F19.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNH.F19.E
The long term trend has been UP since May 29th, 2018 at 6.4829
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.9276
The short term trend has been DOWN since Nov 29th, 2018 at 6.9500
Smart Scan Analysis for CNH.F19.E
Based on a pre-defined weighted trend formula for chart analysis, CNH.F19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||6.9939||Contract High Date||2018-10-08|
|Contract Low||6.8737||Contract Low Date||2018-09-21|
|Open Time||18:00||Close Time||17:00|