Futopt Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
US DOLLAR INDEX DECEMBER 2022 PUT 11600 (ICE:@DX.Z22.11600P)
Long-Term Downtrend (-90) - @DX.Z22.11600P is in a strong downtrend that is likely to continue. While @DX.Z22.11600P is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @DX.Z22.11600P?
MarketClub looks at technical strength and momentum to determine if the timing is right for @DX.Z22.11600P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @DX.Z22.11600P
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @DX.Z22.11600P
Based on our trend formula, @DX.Z22.11600P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).