Future Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
USD/OFFSHORE RMB Apr 2023 (CME:CNH.J23)
Sidelines Mode (-55) - CNH.J23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNH.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.J23
The long-term trend has been UP since Feb 3rd, 2023 at 6.7543
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 6.8406
The short-term trend has been UP since Mar 26th, 2023 at 6.8692
Smart Scan Analysis for CNH.J23
Based on our trend formula, CNH.J23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).