Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
USD/OFFSHORE RMB Mar 2024 (CME:CNH.H24)
Sidelines Mode (-55) - CNH.H24 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.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.H24
The long-term trend has been DOWN since Nov 14th, 2023 at 7.1910
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 7.2290
The short-term trend has been UP since Dec 1st, 2023 at 7.0875
Smart Scan Analysis for CNH.H24
Based on our trend formula, CNH.H24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).