Future Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
USD/OFFSHORE RMB Jan 2019 (CME:CNH.F19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNH.F19
The long term trend has been DOWN since Dec 4th, 2018 at 6.8596
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.9276
The short term trend has been DOWN since Jan 4th, 2019 at 6.8685
Smart Scan Analysis for CNH.F19
Based on a pre-defined weighted trend formula for chart analysis, CNH.F19 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).