Future Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
USD/OFFSHORE RMB Sep 2019 (CME:CNH.U19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jun 18th, 2019 at 6.9095
The short term trend has been UP since Jun 24th, 2019 at 6.8846
Smart Scan Analysis for CNH.U19
Based on a pre-defined weighted trend formula for chart analysis, CNH.U19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).