Future Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
USD/OFFSHORE RMB Dec 2020 (CME:CNH.Z20)
Long-Term Downtrend (-90) - CNH.Z20 is in a strong downtrend that is likely to continue. While CNH.Z20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNH.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.Z20
The long-term trend has been DOWN since Jul 6th, 2020 at 7.0925
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 7.2000
The short-term trend has been DOWN since Jul 27th, 2020 at 7.0513
Smart Scan Analysis for CNH.Z20
Based on our trend formula, CNH.Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).