DXY ON TODAYS NEWSThe upcoming NFP release is likely to bring heightened volatility across the markets. Based on my analysis, the U.S. dollar shows strong potential for upside movement, supported by prevailing market structure and momentum. While the forecast leans bullish, it is important to remain cautious as NFP d
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๏ปฟBullish reversal?The US Dollar Index (DXY) has bounced off the pivot and could rise to the 1st resistance that aligns with the 50% Fibonacci retracement.
Pivot: 97.49
1st Resistance: 98.15
1st Support: 97.16
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only tra
DXY BULLISHThe dollar advanced against the euro and sterling on Wednesday but investor concerns over the Federal Reserve's independence continued to linger, potentially limiting the U.S. currency's rise.
The euro
EURUSD
was down about 0.4% at $1.1593 and sterling
GBPUSD
slipped 0.3% to $1.3441, giving b
USD Index Technical Outlook โ Key Buy & Sell LevelsThe U.S. Dollar Index (DXY) is currently trading inside a clear downward channel, showing a bearish market structure. Price is hovering near 98.23, just below the key resistance zone between 98.5 โ 99.2, where Fibonacci retracement levels (0.382, 0.5, and 0.618) also align, making it a strong supply
DXY Analysis โ Are Bad News Already Priced In?Since Trump entered the White House, the U.S. Dollar has taken a hard hit against its major counterparts, losing more than 10% overall.
But looking closer at the chart, we see a different story: since the April low around 97.80, the DXY has been stuck in a range-bound pattern, with the exception of
Bullish reversal at pullback support?The US Dollar Index (DXY) is falling towards the pivot, which acts as a pullback support that aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 98.01
1st Support: 97.53
1st Resistance: 98.65
Risk Warning:
Trading Forex and CFDs carries a high level of risk
Is the DXY Poised for a Breakout?Analyzing the Bullish PotentialThe DXY (US Dollar Index) appears to be on the verge of a significant upward rally. Last week, I shared my analysis highlighting a potential trigger point for a long entry, which the price subsequently surpassed, confirming the setup. According to the latest COT reports, commercial traders have reac
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
๏ปฟUS Dollar Index reached its highest quote on Sep 28, 2022 โ 114.687ย USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 70.700ย USD. It was reached on Mar 17, 2008. See more data on the US Dollar Index chart.
US Dollar Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy US Dollar Index futures or funds or invest in its components.