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Index Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Dow Jones FXCM Dollar Index (INDEX:USDOLLAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

INDEX_USDOLLAR
Open High Low USDOLLAR Price Change
12288.08 12317.69 12283.22 12316.53 +22.24
Entry Signal

MarketClub’s Trade Triangles for USDOLLAR

long term down The long term trend has been DOWN since Nov 1st, 2019 at 12265.24

intermediate term up The intermediate term trend has been UP since Jan 17th, 2020 at 12313.30

short term up The short term trend has been UP since Jan 17th, 2020 at 12313.23

Smart Scan Analysis for USDOLLAR

Based on a pre-defined weighted trend formula for chart analysis, USDOLLAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDOLLAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12288.08 12317.69 12283.22 12316.53 +22.24
Prev. Close Volume Bid Ask Time
12283.58 0 2020-01-17 18:43:24
52wk High12320.5352wk High Date2018-10-31
52wk Low11506.0452wk Low Date2018-01-25
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