Index Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
US DOLLAR INDEX (ICE:DX)
Sidelines Mode (-55) - DX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DX
The long-term trend has been UP since Sep 5th, 2023 at 104.500
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 105.635
The short-term trend has been UP since Nov 30th, 2023 at 103.174
Smart Scan Analysis for DX
Based on our trend formula, DX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||107.348||52wk High Date||2023-10-03|
|52wk Low||99.578||52wk Low Date||2023-07-14|