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
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
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 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
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
DXY Outlook: Volatility Dominates as Fed Uncertainty PersistsDXY Outlook: Volatility Dominates as Fed Uncertainty Persists
DXY (US Dollar Index) Analysis Report
๐ Technical Outlook
The index recently moved in a clear upward cycle, followed by a sharp rejection, highlighting the marketโs sensitivity to macro shifts.
Price action has transitioned into volati
U.S. Dollar Index (DXY) Outlook | Gold (XAU/USD) Correlation๐ U.S. Dollar Index (DXY) at Key Support | ๐ช Gold at Record Highs
๐ Quick Summary:
โข DXY holding 97.70 support inside a descending channel.
โข A rebound could push it back toward 98.25 โ 98.50.
โข Meanwhile, Gold is sitting near $3,600/oz, at all-time highs, fueled by safe-haven demand and central
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
๏ปฟUS Dollar USDX Index (DXY) reached its highest quote on Sep 28, 2022 โ 114.73ย USD. See more data on the US Dollar USDX Index (DXY) chart.
The lowest ever quote of US Dollar USDX Index (DXY) is 89.16ย USD. It was reached on Jan 6, 2021. See more data on the US Dollar USDX Index (DXY) chart.
US Dollar USDX Index (DXY) 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 USDX Index (DXY) futures or funds or invest in its components.