Future Trend Analysis Report
Prepared for you on Wednesday, June 3, 2020.
USD/OFFSHORE RMB Jun 2020 (CME:CNH.M20)
Sidelines Mode (+55) - CNH.M20 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.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.M20
The long-term trend has been UP since Feb 20th, 2020 at 7.0700
The intermediate-term trend has been UP since Apr 30th, 2020 at 7.1142
The short-term trend has been DOWN since May 29th, 2020 at 7.1483
Smart Scan Analysis for CNH.M20
Based on our trend formula, CNH.M20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).