Index Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
US DOLLAR INDEX (ICE:DX)
Strong Downtrend (-100) - DX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 21st, 2020 at 95.716
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 90.118
The short-term trend has been DOWN since Feb 22nd, 2021 at 90.177
Smart Scan Analysis for DX
Based on our trend formula, DX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||102.992||52wk High Date||2020-03-20|
|52wk Low||89.209||52wk Low Date||2021-01-06|