Future Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
USD/OFFSHORE RMB Dec 2020 (CME:CNH.Z20)
Countertrend Down (-85) - CNH.Z20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CNH.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.Z20
The long-term trend has been DOWN since Jul 6th, 2020 at 7.0925
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 7.2000
The short-term trend has been UP since Oct 26th, 2020 at 6.7025
Smart Scan Analysis for CNH.Z20
Based on our trend formula, CNH.Z20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).