DOLLAR INDEX (DXY): Confirmed Bullish ContinuationThe DOLLAR INDEX appears to be showing bullish tendencies from both daily and intraday perspectives.
From a daily timeframe, I observe a confirmed breakout of a resistance line within a symmetrical triangle pattern, indicating a trend violation and continuation.
On an hourly timeframe, we see a br
About US DOLLAR CURRENCY INDEX
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
Euro (EUR) 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP) 11.9% weight
Canadian dollar (CAD) 9.1% weight
Swedish krona (SEK) 4.2% weight
Swiss franc (CHF) 3.6% weight
Euro (EUR) 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP) 11.9% weight
Canadian dollar (CAD) 9.1% weight
Swedish krona (SEK) 4.2% weight
Swiss franc (CHF) 3.6% weight
Related indices
DXY Approaching 98.900 — Weak Labor Market Could Push Fed DovishHey Traders, in today’s trading session we’re monitoring DXY for a potential selling opportunity around the 98.900 zone.
The index continues to trade within a descending channel and is currently in a correction phase, approaching the upper boundary near 98.900, which aligns with channel resistance.
DXY - will we see a bullish divergence?Hello, dear traders. We can observe an interesting situation on the Dollar Index.
What we see:
1. An uptrend on the weekly timeframe.
2. The price is at the support level.
3. Over the 18 years of this trend, all impulses from the support level originated after MACD divergence. For divergence, we
Bullish Continuation for DXY - strong bullish market structureThe technical picture for the US Dollar Index (DXY) suggests continued upside, with buyers taking decisive control based on recent price action.
Structure & Bias:
- The overall bias is Bullish for the coming weeks, supported by a clear Weekly Bullish Engulfing candle.
- A key structural shift was
DXY Weekly Outlook – Two Key Scenarios AheadAs expected in the previous review, the price has reached the local point B.
Now the market stands at a crossroads, so let’s look at the possible scenarios for the upcoming week.
Plan A – Correction Within the Daily Order Flow
The first scenario suggests a slight correction.
The price may move int
US Dollar: Still Bullish! Wait For The Pullback, Then Buy It!Welcome back to the Weekly Forex Forecast for the week of Nov. 3 - 7th.
In this video, we will analyze the following FX market: USD Dollar
The USD is still bullish, and buys are still valid until there is a definitive bearish BOS.
There is a LQ-Low and a +OB below current prices, drawing prices t
Forex Traders Focus on Central Bank DecisionsForex Traders Focus on Central Bank Decisions
As expected, the Federal Reserve yesterday cut the Federal Funds Rate from 4.25% to 4.00%, while Jerome Powell’s remarks reduced the likelihood of further rate cuts. Meanwhile, decisions by other key central banks are also influencing the currency mark
DXY: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 98.412 will confirm the new direction downwards with the target being the next key level of 98.328 and a reconvened placement of a st
DOLLAR INDEXTHE LONDON SESSION NIS SHOWING THE DOLLAR INDEX BREAK OF 4HR SUPPLY ROOF.,IF DOLLAR DEMAND HOLDS STRONG GOLD COULD DROP.
The DXY (US Dollar Index) is a benchmark that measures the value of the US dollar relative to a basket of six major global currencies: the euro (largest component), Japanese yen,
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US DOLLAR CURRENCY 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 CURRENCY INDEX futures or funds or invest in its components.









