Index Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
US DOLLAR INDEX (ICE:DX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Dec 11th, 2019 at 97.107
The intermediate term trend has been UP since Jan 21st, 2020 at 97.655
The short term trend has been DOWN since Jan 22nd, 2020 at 97.562
Smart Scan Analysis for DX
Based on a pre-defined weighted trend formula for chart analysis, DX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||99.667||52wk High Date||2019-10-01|
|52wk Low||95.162||52wk Low Date||2019-01-31|