Spread Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US DOLLAR INDEX (NYBOT:DX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DX
The long term trend has been UP since May 1st, 2018 at 91.986
The intermediate term trend has been UP since Jun 14th, 2018 at 94.965
The short term trend has been DOWN since Jun 29th, 2018 at 94.600
Smart Scan Analysis for DX
Based on a pre-defined weighted trend formula for chart analysis, DX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||95.531||52wk High Date||2018-06-28|
|52wk Low||88.253||52wk Low Date||2018-02-16|
|Open Time||20:00||Close Time||17:00|