Future Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
US DOLLAR INDEX SEPTEMBER 2020 (ICE:@DX.U20)
Long-Term Downtrend (-90) - @DX.U20 is in a strong downtrend that is likely to continue. While @DX.U20 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.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @DX.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @DX.U20
The long-term trend has been DOWN since Dec 2nd, 2019 at 96.672
The intermediate-term trend has been DOWN since Dec 2nd, 2019 at 96.730
The short-term trend has been DOWN since Dec 12th, 2019 at 96.455
Smart Scan Analysis for @DX.U20
Based on our trend formula, @DX.U20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||103.98||52wk High Date||2020-03-19|
|52wk Low||94.705||52wk Low Date||2020-03-09|