Index Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
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 Aug 11th, 2021 at 93.191
The intermediate-term trend has been DOWN since Dec 29th, 2021 at 95.849
The short-term trend has been UP since Jan 16th, 2022 at 95.266
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||96.938||52wk High Date||2021-11-24|
|52wk Low||89.535||52wk Low Date||2021-05-25|