Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
USD/OFFSHORE RMB Jun 2023 (CME:CNH.M23)
Long-Term Uptrend (+90) - CNH.M23 is in a strong uptrend that is likely to continue. While CNH.M23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNH.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.M23
The long-term trend has been UP since May 12th, 2023 at 6.9480
The intermediate-term trend has been UP since Apr 19th, 2023 at 6.8654
The short-term trend has been UP since Jun 5th, 2023 at 7.1096
Smart Scan Analysis for CNH.M23
Based on our trend formula, CNH.M23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).