Strong uptrend / potential for a top -25 to 25. However, developments in the AUDUSD are interesting.

None BRITISH POUND / US DOLLAR The trend index is at -42, which indicates range / ozzy downtrend. Readings between -25 and +25 result in a green bar to indicate that price has reversed to the mean. The wave structure is at odds with classifying current conditions as an lane downtrend. The spreadsheet shows the index values for the last 15 days. Strong downtrend / potential for a bottom EURO / US DOLLAR The trend index is at -41, which indicates range / jordon downtrend. The Trend Index changed from negative to positive for the first time since mid December. Daily Forex Trend Report The USDJPY and USDCAD remain in strong uptrends.

Price has reversed to the mean -100 to -75. With EURUSD is at the lower end of its recent 1.25-1.30 range, reward to risk favors bulls. The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time.

On the charts, bars are painted blue if the index is above 75 (strong uptrend) and red if the index is below -75 (strong downtrend).