Future Trend Analysis Report
Prepared for you on Thursday, September 23, 2021.
USD/OFFSHORE RMB Sep 2021 (CME:CNH.U21)
Long-Term Downtrend (-90) - CNH.U21 is in a strong downtrend that is likely to continue. While CNH.U21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNH.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.U21
The long-term trend has been DOWN since May 3rd, 2021 at 6.5345
The intermediate-term trend has been DOWN since Jul 29th, 2021 at 6.4867
The short-term trend has been DOWN since Sep 9th, 2021 at 6.4515
Smart Scan Analysis for CNH.U21
Based on our trend formula, CNH.U21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).