Future Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
USD/OFFSHORE RMB Feb 2023 (CME:CNH.G23)
Strong Downtrend (-100) - CNH.G23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNH.G23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNH.G23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.G23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.G23
The long-term trend has been DOWN since Nov 11th, 2022 at 7.1464
The intermediate-term trend has been DOWN since Dec 5th, 2022 at 7.0608
The short-term trend has been DOWN since Jan 25th, 2023 at 6.7588
Smart Scan Analysis for CNH.G23
Based on our trend formula, CNH.G23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).