Spread Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
$ INDEX (NYBOT:DX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 Jul 5th, 2016 at 96.421
The intermediate term trend has been DOWN since Mar 15th, 2017 at 100.660
The short term trend has been DOWN since Mar 10th, 2017 at 101.710
Smart Scan Analysis for DX
Based on a pre-defined weighted trend formula for chart analysis, DX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||103.82||52wk High Date||2017-01-03|
|52wk Low||93.019||52wk Low Date||2016-06-23|
|Open Time||20:00||Close Time||17:00|