DailyFX Trend Report

Published April 1st, 2009 - 01:33 GMT
Al Bawaba
Al Bawaba

About the DFX Trend Index

The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time.  The numbers correspond to specific trend conditions.

50 to 100: uptrend / potential for a top increases the closer the index is to 100
25 to 50: in a range / bullish potential
-25 to 25: price has reversed to the mean
-50 to -25: in a range / bearish potential
-100 to -50: downtrend / potential for a bottom increases the closer the index is to -100

 

Trend Scan

Breaking higher (index crosses above 50): GBPUSD, USDJPY, GBPJPY, CHFJPY, CADJPY

Breaking lower (index crosses below -50): USDCAD, USDCHF, EURAUD

Topping (index is above 90): NZDUSD, NZDJPY

Bottoming (index is below -90): EURNZD, GBPNZD