Future Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
USD/OFFSHORE RMB Nov 2018 (E) (CME:CNH.X18.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.X18.E
The long term trend has been UP since May 29th, 2018 at 6.4646
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.8926
The short term trend has been UP since Nov 7th, 2018 at 6.9290
Smart Scan Analysis for CNH.X18.E
Based on a pre-defined weighted trend formula for chart analysis, CNH.X18.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||6.9838||Contract High Date||2018-10-31|
|Contract Low||6.8038||Contract Low Date||2018-07-19|
|Open Time||18:00||Close Time||17:00|