Future Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
US DOLLAR INDEX JUNE 2022 (ICE:@DX.M22)
Bull Market Weakness (+75) - @DX.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @DX.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid @DX.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @DX.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @DX.M22
The long-term trend has been UP since Jun 16th, 2021 at 90.452
The intermediate-term trend has been UP since Jan 26th, 2022 at 96.375
The short-term trend has been DOWN since May 17th, 2022 at 104.470
Smart Scan Analysis for @DX.M22
Based on our trend formula, @DX.M22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||105.065||52wk High Date||2022-05-13|
|52wk Low||92.51||52wk Low Date||2021-07-26|