DX1! (US Dollar Index) — Fundamental Outlook: Bearish BiasThe U.S. dollar remains under sustained pressure as markets move into September. The Federal Reserve has signaled readiness to deliver its first rate cut in September, following confirmation that July PCE inflation remained steady at 2.6% y/y, while consumer spending continued to soften. This combin
Related futures
The Dollar's Descent: Understanding Historic WeaknessThe U.S. dollar, long considered the world's premier reserve currency and a symbol of American economic might, finds itself in unprecedented territory as it continues to hover near all-time lows against a basket of major currencies. This sustained weakness represents more than just a numerical decli
DXY - Dollar Index - Potenzial New Long phase
As we see in the chart .. in 2022 december we had a big volume accumulation before the october 2022 top to 112
After that we had a rebound and a laterality from sep. 22 to july 25.
In this moment we touche this volume and from my point of view we completed an ABC pattern.
Probably we have complete
US DOLLAR BREAKS ABOVE RESISTANCE 98.99 BOTTOM CONFIRMED! Hey Traders so today looking at the US Dollar and as of today there is now a 123 bottom on the charts that has been confirmed by breaking above the 2 point.
Sees like fundamentally the US Dollar has now become bullish so with this breakout now confirmed does this mean we are in the beginning of Bu
Dollar Index - Expecting Bullish Continuation In The Short TermH4 - Strong bullish momentum followed by a pullback.
No opposite signs.
Until the two Fibonacci support zones hold I expect the price to move higher further.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussio
USD Dollar index possbile bullish reversal#usddollarindex, last weekly bar of the month of June is key reversal bar, made a new low and closed towards high. price retracing back down to test weekly demand zone. discount zone of demand is 96.50. possible bullish reversal target: 98.60. Stop loss below 96.00. price need time to build energy f
US DOLLAR INDEX BREAKING BELOW SUPPORT LEVEL RE-ENTER DOWNTREND! Hey Traders so today looking at the US Dollar Index or DX Market we can see that it has been in a solid downtrend since March. This is why alot of commodities and currencies have been getting stronger against it.
This is why I feel you don't need indicators to trade because price action shows you
Dollar Outlook – Bearish Trend with Key Support Levels AheadThe market is clearly bearish, and I do not recommend buying the dollar at the moment.
If the price breaks through the important zone between 98.525 and 96.725, we could see a move down toward the next zone between 95.935 and 94.790.
This lower zone is a key support level if it gets broken, the do
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.