Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
USD/OFFSHORE RMB Oct 2019 (CME:CNH.V19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.V19
The long term trend has been UP since Oct 4th, 2018 at 6.9774
The intermediate term trend has been UP since Oct 8th, 2019 at 7.1506
The short term trend has been DOWN since Oct 9th, 2019 at 7.1250
Smart Scan Analysis for CNH.V19
Based on a pre-defined weighted trend formula for chart analysis, CNH.V19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).