Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US DOLLAR INDEX (ICE:DX)
Sidelines Mode (+55) - DX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 5th, 2021 at 91.945
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 91.709
The short-term trend has been UP since May 12th, 2021 at 90.339
Smart Scan Analysis for DX
Based on our trend formula, DX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||100.556||52wk High Date||2020-05-14|
|52wk Low||89.209||52wk Low Date||2021-01-06|