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
About U.S. Dollar Index
๏ปฟThe 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
๏ปฟDXY at Major Support โ 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
US Dollar Index Drops to 7-Week Low Ahead of Key Inflation DataUS Dollar Index (DXY) Drops to 7-Week Low Ahead of Key Inflation Data
As the US Dollar Index (DXY) chart shows, the value of the USD against a basket of other currencies has fallen below 97.30 โ its lowest level since late July.
The reasons lie in market sentiment ahead of major data releases:
โ
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
Fibonacci confluence signals bullish reversalUS Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 97.17
1st Support: 96.75
1st Resistance: 97.86
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of per
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
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
See all ideasย
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
๏ปฟThe current value of U.S. Dollar Index is 97.772ย USD โ it has fallen by โ0.01% 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 โ 164.720ย USD. See more data on the U.S. Dollar Index chart.
The lowest ever quote of U.S. Dollar Index is 70.698ย 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 โ0.22% in the past week, since last month it has shown a โ0.56% decrease, and over the year it's decreased by โ3.80%. 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.