Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Invesco DB US Dollar Index Bullish Fund (GIF:UUP)
Long-Term Downtrend (-90) - UUP is in a strong downtrend that is likely to continue. While UUP 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 UUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for UUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UUP
The long-term trend has been DOWN since Jul 15th, 2020 at 25.89
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 25.12
The short-term trend has been DOWN since Oct 20th, 2020 at 25.16
Smart Scan Analysis for UUP
Based on our trend formula, UUP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).