DXY at Major Support – Dollar Ready to Rebound?Today, I want to analyze the DXY index ( TVC:DXY ) for you. First, I must say that this week, US indexes can have an impact on the DXY index trend .
US indexes to be released this week:
Core PPI m/m: Tomorrow
PPI m/m: Tomorrow
Core CPI m/m: Thursday
CPI m/m: Thursday
CPI y/y: Thursday
About U.S. Dollar Index
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. DXY was originally 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
Bearish reversal off 61.8% Fibonacci resistance?The US Dollar Index (DXY) is rising towards the pivot which aligns with the 61.8% Fibonacci retracement, and could reverse to the 1st support.
Pivot: 98.11
1st Support: 97.36
1st Resistance: 98.47
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute th
US Dollar: Bearish! Buyside LQ Sweep Before Rate Cut?Welcome back to the Weekly Forex Forecast for the week of Sept 15 - 19th.
In this video, we will analyze the following FX market: USD Dollar
The USD has a .25 basis point rate cut coming Wednesday. Will there be a manipulation of the buy side liquidity before prices turn downward? I am looking
Head and Shoulders Pattern on U.S. Dollar Index (DXY) – Bearish Overview of the Idea (as shown in the chart)
The chart illustrates a Head and Shoulders (H&S) reversal pattern forming on the U.S. Dollar Index (DXY). This classical technical pattern signals a potential trend reversal from bullish to bearish.
Left Shoulder: The first peak followed by a pullback.
Will history repeat for Dixie and TrumpThe Wild Card: The US Dollar (Dixie) Trend. A sustained Trump-led drop in the Dixie (as we had seen in his first term) is still a significant downside risk for the dollar.
Potentially lifting majors further even despite the woes of European currencies and most risk assets. This is the "smart money
Bearish drop formation?The US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support.
Pivot: 98.63
1st Support: 97.12
1st Resistance: 100.21
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of p
DXY Head and Shoulders Retest H4Change of bias on DXY - if the current bounce of price in support is a retest of this H&S pattern then we may see prices fall to the 94 - 95 region.
NB: the upward-facing arrow is just a rough estimation of the retest target. Prices may fall from a much lower level than that.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of U.S. Dollar Index is 97.522 USD — it has risen by 0.02% in the past 24 hours. Track the index more closely on the U.S. Dollar Index chart.
U.S. Dollar Index reached its highest quote on Feb 25, 1985 — 164.720 USD. See more data on the U.S. Dollar Index chart.
The lowest ever quote of U.S. Dollar Index is 70.698 USD. It was reached on Mar 17, 2008. See more data on the U.S. Dollar Index chart.
U.S. Dollar Index value has decreased by −0.15% in the past week, since last month it has shown a −0.56% decrease, and over the year it's decreased by −3.63%. Keep track of all changes on the U.S. Dollar Index chart.
U.S. 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 U.S. Dollar Index futures or funds or invest in its components.