Future Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
USD/OFFSHORE RMB May 2019 (CME:CNH.K19)
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.K19
The long term trend has been DOWN since Jan 27th, 2019 at 6.9235
The intermediate term trend has been DOWN since Apr 16th, 2019 at 6.7070
The short term trend has been UP since Apr 22nd, 2019 at 6.7091
Smart Scan Analysis for CNH.K19
Based on a pre-defined weighted trend formula for chart analysis, CNH.K19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).