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Index Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

US DOLLAR INDEX (ICE:DX)

Countertrend Up (+85) - DX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

ICE_DX
Open High Low DX Price Change
105.694 105.759 105.592 105.754 +0.079
Entry Signal

MarketClub’s Trade Triangles for DX

long term up The long-term trend has been UP since Apr 1st, 2024 at 104.898

intermediate term up The intermediate-term trend has been UP since Mar 22nd, 2024 at 104.292

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 105.922

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).

+85
Smart Scan Analysis for DX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.694 105.759 105.592 105.754 +0.079
Prev. Close Volume Bid Ask Time
105.675 0 2024-04-24 02:16:03
52wk High107.34852wk High Date2023-10-03
52wk Low99.57852wk Low Date2023-07-14
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