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Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
US DOLLAR INDEX JUNE 2024 (ICE:@DX.M24)
Countertrend Up (+85) - @DX.M24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid @DX.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @DX.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @DX.M24
The long-term trend has been UP since Feb 2nd, 2024 at 103.270
The intermediate-term trend has been UP since Mar 19th, 2024 at 103.535
The short-term trend has been DOWN since Apr 26th, 2024 at 105.425
Smart Scan Analysis for @DX.M24
Based on our trend formula, @DX.M24 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 106.210 | 106.380 | 105.590 | 106.015 | -0.085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 106.210 | 25420 | 106.015 | 106.020 | 2024-05-01 16:05:51 |
| 52wk High | 106.38 | 52wk High Date | 2024-05-01 |