Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
US DOLLAR INDEX (ICE:DX)
Countertrend Down (-85) - DX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Jul 9th, 2020 at 96.385
The short-term trend has been UP since Aug 10th, 2020 at 93.623
Smart Scan Analysis for DX
Based on our trend formula, DX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||102.992||52wk High Date||2020-03-20|
|52wk Low||92.521||52wk Low Date||2020-08-06|