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
DXY: Bullish continuation Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher tim
DXY- Bearish under 104.20After making a low just under 100 mark in mid-July, TVC:DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October.
The attempts for a new local high failed and, at the beginning of November the index has started to fall, recentl
The bear market is the second scenario, at least so farHello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want t
Pre Non Farm Employment Change Analysis8th December 2023 (NFP EVENT)
DXY: Retrace & retest 104 resistance area, next move dependent on NFP.
NZDUSD: Buy 0.6130 SL 20 TP 90 (Weaker DXY, Bad NFP)
AUDUSD: Sell 0.6585 SL 15 TP 60 (Stronger DXY, Good NFP)
USDJPY: Sell 143 SL 35 TP 135 (Weaker DXY)
GBPUSD: Sell 1.2515 SL 20 TP 50 (Stronge
US Dollar Inflation AdjustedUS Dollar purchasing power destruction cycle to resume shortly...
Guess what tracks this inversely? #gold
Could the DXY break the channel?7th December 2023
DXY: Retracing, could test 103.80 (consolidate), bounce to test 104.25, with resistance at 104.55 (Alternate scenario, break channel and trade down to 103.55)
NZDUSD: Sell 0.6110 SL 20 TP 60 (hesitation at 0.6085)
AUDUSD: Buy 0.6610 SL 25 TP 60
USDJPY: look for retracement, S
DXY 08/12 : The market focused attention on the NONFARM newsDXY: The USD index dropped sharply yesterday after the announcement of job cuts soared.
This is pushing the USD back to its previous main downtrend. Create a resistance area above level 104.2.
Today's scenario predicts that the USD is likely to retest this resistance area and will likely maintain a
🔥 DXY INDEX bearish analysis) 1D tame Fram 🖼️) 🕐🕐hello traders what do you think about dxy index)?
guys dxy index. Breakdecline
Support level that a retest Rsl
105.000 breakdance to confirm selling pressure
down. Support level 104.300
Gold poised for first weekly drop in four before US jobs data
Dec 8, 202315:23 GMT+5
KEY POINT
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DXYDXY: Dollar Index Rejected at 104.00 Threshold Riding 3-Day Gain. Jobs Data Ahead.
Dollar index turned on the offensive this week as FX traders seek to price in tomorrow’s nonfarm payrolls data.
DXYDXY: Dollar Index on Pace for 3rd Straight Losing Week as Rate Prospects Dent Demand
The shifting narrative is now phasing the dollar out of investor sight as markets are eager to get first signs of rate cuts.
DXYDXY: Dollar Index Reels from 2-Week Slide as Monster Rally Skids on Rate-Hike Pause
Investors are solidifying their expectations that the Federal Reserve won’t tweak rates to the upside any time soon.
DXYDXY: Dollar Index Cracks to 103 to Erase 2 Months of Gains. What’s Behind the Move?
The dollar hit a 2-and-a-half month low early on Tuesday as correction mode swept across the forex board. Yen powered the most.
DXYDXY: Dollar Index Sells Off Nearly 3% to 104.00 as US Inflation Slows to 3.2% for October
The dollar index fell off a cliff following the latest CPI report. The drop in price growth fueled hopes the Fed won’t touch rates any time soon.
DXYDXY: Dollar Index Gains Traction for Third Day in a Row Despite Soft Jobs Data
The US dollar is marching forward to 106.00, up roughly 1% this week. The lack of major headlines is expected to keep a lid on volatility.
DXYDXY: Dollar Index Drifts 0.8% Lower to 106.20 as Fed Keeps Rates Steady at 22-Year High
For the second time in a row, the Fed decided to hold rates unchanged but hinted it’s not done raising to stamp out sticky inflation.
DXYDXY: Dollar Index Loses Steam to Float at 105.50 as Treasury Yields Drift Back to 4.8%
The greenback pared gains against major rivals while the 10-year yield topped 5% but then dived near the 4.8% mark.
DXYDXY: Dollar Index Steady Above 106.00 Ahead of Jay Powell Speech
In an otherwise lightweight economic calendar, the dollar is waiting patiently to hear the Fed chair’s remarks on interest rates.
DXYDXY: Dollar on Track for 2nd Losing Week After 11-Week Run, Index Sinks to 105.60
Inflation data is coming up today and forex traders are expecting a fairly flat percentage figure. Dollar is retreating across the board.
DXYDXY: Dollar Steady Near 106.50 as 12-Week Winning Streak Hangs on a Thread
The monster rally in the US dollar has been backpedaling from its weekly highs. Jobs data today is expected to inject fresh volatility.
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