Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
FX INDEX INTERNAL (GIF:NYICDX)
Long-Term Downtrend (-90) - NYICDX is in a strong downtrend that is likely to continue. While NYICDX 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 NYICDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYICDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYICDX
The long-term trend has been DOWN since Sep 1st, 2020 at 91.875
The intermediate-term trend has been DOWN since Sep 1st, 2020 at 91.875
The short-term trend has been DOWN since Sep 18th, 2020 at 92.783
Smart Scan Analysis for NYICDX
Based on our trend formula, NYICDX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).