Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
USD/OFFSHORE RMB May 2021 (CME:CNH.K21)
Bear Market Rally (-75) - CNH.K21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNH.K21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNH.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.K21
The long-term trend has been DOWN since May 7th, 2021 at 6.4523
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 6.5371
The short-term trend has been UP since May 12th, 2021 at 6.4333
Smart Scan Analysis for CNH.K21
Based on our trend formula, CNH.K21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).