Technical Analysis for SCNY - ETFS Short CNY Long USD
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Up | Flat |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Cup with Handle | Other | 0.00% | |
Gapped Up | Strength | 0.00% | |
20 DMA Support | Bullish | -0.09% | |
Cup with Handle | Other | -0.09% | |
Volume Surge | Other | -0.09% | |
Three Weeks Tight | Range Contraction | -0.09% | |
Upper Bollinger Band Walk | Strength | -0.09% | |
Overbought Stochastic | Strength | -0.09% | |
Gapped Down | Weakness | -0.09% | |
20 DMA Support | Bullish | 0.08% |
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ETFS Short CNY Long USD Description
ETFS Short CNY Long USD (SCNY) is designed to provide investors with exposure to Chinese Renminbi ("CNY") relative to US Dollars ("USD") by tracking the MSFX Short Chinese Renminbi Index (TR) (the "Index"), which aims to reflect the performance of a position in forward contracts which are rolled on a bi-monthly basis. SCNY is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC allows investors access to CNY, which is restricted from being traded on the foreign exchange. In order to allow hedging and trading by foreign parties in respect of this currency, a market has developed in derivatives that allows parties to receive a US Dollar return on positions in CNY. These derivatives are called non-deliverable forward contracts (Non-Deliverable Forward Contracts or NDFs). An NDF sets an exchange rate for USD/CNY at a point in the future.
Classification
Keywords: ETF Dollar Derivative US Dollar Hedge Foreign Exchange Exchange Rate Foreign Exchange Market Renminbi Dfs Non Deliverable Forward
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 37.28 |
52 Week Low | 32.94 |
Average Volume | 222 |
200-Day Moving Average | 35.91 |
50-Day Moving Average | 36.68 |
20-Day Moving Average | 36.88 |
10-Day Moving Average | 37.00 |
Average True Range | 0.19 |
RSI (14) | 59.35 |
ADX | 18.1 |
+DI | 15.99 |
-DI | 16.00 |
Chandelier Exit (Long, 3 ATRs) | 36.60 |
Chandelier Exit (Short, 3 ATRs) | 37.12 |
Upper Bollinger Bands | 37.16 |
Lower Bollinger Band | 36.60 |
Percent B (%b) | 0.74 |
BandWidth | 1.52 |
MACD Line | 0.10 |
MACD Signal Line | 0.09 |
MACD Histogram | 0.0047 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 37.42 | ||||
Resistance 3 (R3) | 37.42 | 37.29 | 37.35 | ||
Resistance 2 (R2) | 37.29 | 37.19 | 37.29 | 37.33 | |
Resistance 1 (R1) | 37.15 | 37.12 | 37.09 | 37.15 | 37.31 |
Pivot Point | 37.02 | 37.02 | 36.99 | 37.02 | 37.02 |
Support 1 (S1) | 36.88 | 36.92 | 36.82 | 36.88 | 36.72 |
Support 2 (S2) | 36.75 | 36.85 | 36.75 | 36.70 | |
Support 3 (S3) | 36.61 | 36.75 | 36.68 | ||
Support 4 (S4) | 36.61 |