Future Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
US DOLLAR INDEX DECEMBER 2020 (ICE:@DX.Z20)
Long-Term Downtrend (-90) - @DX.Z20 is in a strong downtrend that is likely to continue. While @DX.Z20 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 @DX.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @DX.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @DX.Z20
The long-term trend has been DOWN since Jul 21st, 2020 at 95.615
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 92.460
The short-term trend has been DOWN since Nov 23rd, 2020 at 92.185
Smart Scan Analysis for @DX.Z20
Based on our trend formula, @DX.Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||103.745||52wk High Date||2020-03-19|
|52wk Low||91.74||52wk Low Date||2020-11-27|