Future Trend Analysis Report
Prepared for you on Friday, January 22, 2021.
USD/OFFSHORE RMB Mar 2021 (CME:CNH.H21)
Sidelines Mode (-55) - CNH.H21 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.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.H21
The long-term trend has been DOWN since Oct 1st, 2020 at 6.8598
The intermediate-term trend has been DOWN since Dec 29th, 2020 at 6.5340
The short-term trend has been UP since Jan 22nd, 2021 at 6.4995
Smart Scan Analysis for CNH.H21
Based on our trend formula, CNH.H21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).