Future Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
USD/OFFSHORE RMB Sep 2019 (CME:CNH.U19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.U19
The long term trend has been UP since May 6th, 2019 at 6.7538
The intermediate term trend has been UP since Jul 31st, 2019 at 6.8983
The short term trend has been DOWN since Aug 13th, 2019 at 7.0762
Smart Scan Analysis for CNH.U19
Based on a pre-defined weighted trend formula for chart analysis, CNH.U19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).