Readings between -25 and +25 result in a green bar to indicate that price has reversed to the mean. On the charts, bars are painted blue if the index is above 50 (uptrend) and red if the index is below -50 (downtrend). The wave structure is at odds with classifying current conditions as an clint downtrend.

Daily Forex Trend Report Downtrend readings have returned to the AUDUSD and NZDUSD but bearish positions are risky until a break of support. The spreadsheet shows the index values for the last 15 days. In a range / bearish potential -100 to -50. Price has reversed to the mean -50 to -25. The DFX Trend Index ranges from -100 to +100 and is updated everyday at 5 pm eastern US time. USDJPY and USDCAD remain classified as in uptrends, although the former could reverse near 101. Downtrend / potential for a top increases the closer the index is to -100 EURO / US DOLLAR The trend index is at -45, which indicates range / bearish potential.

Uptrend / potential for a top increases the closer the index is to 100 -25 to 25.

The pair is in the middle of a choppy downward sloping channel..