Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
USD/OFFSHORE RMB Dec 2023 (CME:CNH.Z23)
Bull Market Weakness (+75) - CNH.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNH.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNH.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNH.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNH.Z23
The long-term trend has been UP since May 16th, 2023 at 6.8250
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 7.2645
The short-term trend has been UP since Dec 1st, 2023 at 7.1355
Smart Scan Analysis for CNH.Z23
Based on our trend formula, CNH.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).