Get started
US Dollar IndexUS Dollar IndexUS Dollar Index

US Dollar Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

DXY trade ideas

DXY consolidating near key supportThe DXY is consolidating near key support, as Fed policy, inflation prints, and global trade moves dominate. A break below 97.10 risks deeper declines, while stability or positive data could prompt a technical rebound toward 98.65 –98.90. Fundamentals point to ongoing softness barring a surprise risk-off event, with yield dynamics and capital flows dictating the dollar’s path. Fundamental Analysis: Fed Policy: The market is pricing a ~89% chance of a 25bps cut at the September FOMC, with some banks forecasting up to four cuts by year end. This has capped dollar upside, as US yields drift lower. Inflation: Core PCE stands at 2.8% YoY, above the Fed’s target, but the most recent CPI & PPI data was mixed. Headline inflation surprised on the high side, but rates markets still bet on easing as growth softens. Macroeconomic Data: Labor data (including NFP, jobless claims) and ISM services trends have been underwhelming, fueling a tug-of-war between those expecting the Fed to cut sooner and those betting on sticky inflation. Global Politics & Trade: New tariffs as of August on over 60 nations and 18.6% effective average US tariff rate, the highest since the 1930s, have muddied safe-haven flows supporting the dollar at times, but now viewed more as a global growth risk that could hurt USD as well. Capital Flows: Despite volatility, the dollar remains underpinned by structural demand reserve currency role, deep markets, global capital safety. However, persistent US policy uncertainty around trade and the US Fed means foreign flows are choppier than usual. Central Bank Trends: Some major peers such as ECB, BoE are also expected to ease or are facing economic softness, limiting the DXY’s downside. However, the US policy shift is perceived as more aggressive for now. Technical Analysis & Key Levels Pivot: 98.00 – 98.20 Immediate Support: 97.25 and 96.45 Major Support: 97.10, a close below here increases risk of further decline. Immediate Resistance: 98.65, then 98.80. A break above here is needed for a bullish reversal. Major Resistance: 99.40 and 100.00, these are bullish targets if the USD stages a structural rebound. If support holds and macro data surprises to the upside, a rebound to 98.65 – 98.80 could materialise. Analysis by Terence Hove, Senior Financial Markets Strategist at Exness
TVC:DXYShort
by WiseLeoTrading
DXY: Dollar’s ready, but the starter pistol’s still silentDXY is holding in the 97.50–97.60 support zone, an area where buyers have stepped in multiple times. Current market structure suggests possible liquidity accumulation before an upside move. The key tactical trigger is a breakout and close above 98.76, opening the path to 100.28, then 101.84 where historical selling pressure has emerged. The long-term target, if all levels break in sequence, is 104.40. While price remains below 98.76, buyers have no confirmed advantage and any rally remains speculative. Fundamentally , the dollar lacks unconditional support: US macro data is mixed and Fed policy remains uncertain. However, safe-haven demand and cautious risk positioning by large players create a backdrop for a potential upward correction. Tactical plan: watch 97.50–97.60, a confirmed break above 98.76 activates a move towards 100.28 → 101.84 → 104.40. Failure to break cancels the idea until a fresh impulse emerges. The dollar right now is like a boxer before stepping into the ring - warmed up, focused, but waiting for the bell.
TVC:DXYLong
by TotoshkaTrades
Bearish reversal?The US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support. Pivot: 98.40 1st Support: 97.76 1st Resistance: 99.28 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
DXY Is Still Bearish; Final Leg Of The Wedge Pattern?DXY Is Still Bearish, but it can be trading in final leg of ending diagonal a.k.a. wedge pattern from technical and Elliott wave perspective. US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal a.k.a. wedge pattern. Final wave “v” of 5 can be still missing, so be aware of a continuation lower within a new three-wave abc decline, especially if breaks below the lower side of the corrective channel near 97.70 level.
TVC:DXYShort
by ew-forecast
8
US Dollar Index (DXY) Analysis:The DXY is currently moving sideways in the short term, awaiting today's economic data, while maintaining a bearish bias in the long term. It has recently retested the 97.90 level as a nearby resistance area. 🔹 Bearish Scenario: If the index resumes its decline and breaks below the 97.60 support level with confirmation, it may move toward testing the 97.20 area, which could act as a potential rebound zone. 🔹 Bullish Scenario: If bullish momentum emerges and the price breaks above 97.90 with stability, the index may head toward the 98.13 level, followed by a retest of 98.50.
TVC:DXYShort
by Fadi_radar
DXY Analysis - Crucial to Track Overall Market Scenario The US Dollar Index (DXY) is currently trading near 97.75, sitting just above the key 0.786 Fibonacci retracement level at 97.78. Current Price Action Price action shows a bouncing attempt from a descending support zone, with immediate resistance seen at 98.13. If rise higher, the index has further upside potential toward the 0.618 retracement at 98.33 considering momentum also holds. Alternate Scenario On the downside, 97.48 and 97.11 remain critical supports; a break below could invite deeper selling pressure. Indicator Confirmation Bollinger Bands are relatively narrow, indicating a potential volatility expansion, while the RSI at 34.17 suggests the dollar is approaching oversold territory, increasing chances of a rebound. Data Interpretation Today’s Initial Jobless Claims and PPI releases will be pivotal — stronger-than-expected data may trigger a bullish breakout, while weaker readings could see the index retest lower supports. The Final Highlight Traders should watch for intraday breakouts above 98.00 for long entries, or breakdowns below 97.48 for shorts, with data releases likely acting as the catalyst.
FXOPEN:DXYLong
by Nadia_farhat
USD Support Test ContinuesThe US Dollar has had the kitchen sink thrown at it so far in August. It was just a month ago after the DXY breakout following the CPI report that President Trump threatened to fire Jerome Powell. This brought a sell-off in the Dollar but, importantly, buyers showed up to hold a higher-low in the currency, above the low from the first day of Q3 trade. The currency then went on to rally into the end of the month and July ended up as the strongest monthly outing for the USD since April of 2022, right around when the Fed was gearing up rate hikes in response to the inflation they had refused to address in 2021. But so far in August, a different tone has shown as a massive revision to the headline NFP number for the prior two months drove concerns about weakness in the labor market. Yesterday's CPI report showed Core CPI jumping back above 3% with a 3.1% annualized print. This is well above the Fed's 2% target and also considering that the unemployment rate remained at the 4.2% expectation, there's the very real question, as illustrated by Powell at the last FOMC meeting, as to whether policy is too restrictive. Nonetheless markets now have a widespread expectation for a rate cut in September followed by the possibility of two more into the end of the year. But, there's the question as to how long term rates will respond, as we saw last year when Treasury yields shot higher even as the Fed cut rates. That has pertinence with the USD because it was when 10-year yields topped on January 13th of this year that DXY did, too. Perhaps more interesting at the moment is just how aggressive rate cut expectations are and the fact that the USD, so far, hasn't been able to stage a deeper breakdown. Perhaps one reason for this draws back to counterparts. Because currencies are the base of the financial system the only way to value a currency - is with another currency. So, for the US Dollar especially, represented by a 'basket' of underlying currencies in DXY, to get further weakness we have to see some of those other currencies take on strength. And for the Euro which represents 57.6% of the DXY basket, EUR/USD has already been in a massive bullish trend for much of the year. The Japanese Yen is 13.6%, and as I looked at in the USD/JPY post, the pair remains supported above a structure of recent higher-lows. For the USD, we have a couple of trendlines in-play at the moment. The long-term trendline connecting 2001 and 2020 swing highs, and also the shorter-term trendline taken from the July lows. If looking for USD-weakness, I still remain partial towards GBP/USD and that bullish trend has really come back to life over the past couple of weeks. For USD-strength, I still lean towards EUR/USD and perhaps even USD/JPY, provided that fibonacci support structure remains respected. - js
TVC:DXY
by FOREXcom
USD weakness unabating. The 'risk on' status quo remains so far this week, a US / CHINA 'kicking of the tariff can down the road' plus, following US CPI data, 'the market' still thinks a FED rate cut is coming in September. US weakness in particular is unabating. So far this week I've missed the boat on USD short opportunities. And as tempting as it is to place a USD short right now, I find myself (as I very often do) in the scenario of 'waiting for a pullback' before feeling confident enough. In the meantime, if the USD recovers Vs JPY (or CHF) I could find myself switching allegiance to a JPY short. Please feel free to offer thoughts or questions:
TVC:DXYShort
by johnelfedforexblog
DXY: Potential Reversal Zone as CPI Jobs Data Send Mixed SignalsThe US Consumer Price Index (CPI) report released yesterday acted as a headwind for the dollar. Although core inflation rose to 3.1% year-over-year and 0.33% month-over-month—figures that are not ideal—they are not severe enough to overshadow the recent weakening in the jobs market. On the USD chart, the price is approaching a significant daily demand zone, which is anchored by a weekly demand area. This confluence could potentially serve as a turning point, offering a possible opportunity for the USD to rebound. ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYLong
by FOREXN1
11