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DailyFX Trend Report

By Jamie Saettele, CMT, Sr. Technical Strategist
27 March 2009 20:48 GMT

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

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27 March 2009 20:48 GMT