Check out our Market Technical Analysis for the week HERE.

Trump’s deadline tonight.

FOMC Minutes and crude oil numbers tomorrow.

Read tomorrows market brief before the open HERE.

Weekly Chinese Renminbi

The Weekly Chinese Renminbi satisfied the third upside PriceCount objective and is correcting. At this point, IF the chart can sustain further upside we are left with the low percentage fourth count to aim for int he .15444 are. Strength in the renminbi futures represents a weakening currency. A weaker currency makes a country’s exports cheaper for foreigners, boosting sales, but makes imports more expensive for domestic consumers

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for April 8th

Daily Levels for April 8th, 2026

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