Future Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
USD/OFFSHORE RMB Sep 2023 (CME:CNH.U23)
Sidelines Mode (+55) - CNH.U23 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.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.U23
The long-term trend has been UP since Feb 24th, 2023 at 6.8200
The intermediate-term trend has been UP since Aug 7th, 2023 at 7.1946
The short-term trend has been DOWN since Sep 11th, 2023 at 7.3333
Smart Scan Analysis for CNH.U23
Based on our trend formula, CNH.U23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).