Index Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Dow Jones FXCM Dollar Index (INDEX:USDOLLAR)
Crossroads (-60) - USDOLLAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDOLLAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDOLLAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDOLLAR
The long-term trend has been UP since Mar 25th, 2021 at 11885.31
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 11778.95
The short-term trend has been DOWN since May 7th, 2021 at 11746.40
Smart Scan Analysis for USDOLLAR
Based on our trend formula, USDOLLAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||12320.53||52wk High Date||2018-10-31|
|52wk Low||11506.04||52wk Low Date||2018-01-25|