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DOLLAR INDEX (DXY): Bearish Move From Key Level
I think that Dollar Index may drop from a key daily horizontal resistance level.
As a confirmation, I spotted an inverted cup & handle pattern on an hourly time frame
and a bearish violation of its neckline.
The market will most likely continue falling at least to 98.36
❤️Please, support my w
USD Falling Wedge Breakout - Bulls Continue to Turn the TideThe USD showed oversold conditions via RSI on both the daily and weekly chart as we began Q3. But, so far, the new quarter has shown a change-of-pace, as the currency has continued to rally with another topside breakout today around CPI data.
The breakout today happened at a big spot - as the long
Weekly DXY OutlookWeekly DXY Outlook - Updated
DXY is still bullish and is rising slowly
On the weekly chart, the US Dollar Index (DXY) has reached a critical zone that was last tested in February 2022.
While a rebound is not guaranteed, the fact that the DXY has declined nearly 12% over just six months—despite a
A Closer Look at the Role and Recent Volatility of the (DXY)A Closer Look at the Role and Recent Volatility of the US Dollar Index (DXY)
We don’t even need to say that the US Dollar Index (DXY) is one of the most influential benchmarks in global currency markets. The index, which measures the value of the US dollar against a basket of six major currencies,
DXY (USD Basket) - 3 Month - Short Squeeze In Play?Technicals:
The last 3-month candle closed above the major resistance that tends to hold according to historic levels going back to the year 1967.
Golden Cross is almost complete (50 MA crossing the 200 MA).
Fundamentals:
The dollar has only been more shorted once in history (2018), setting t
Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 97.81
1st Support: 97.19
1st Resistance: 99.25
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US Dollar Index reached its highest quote on Sep 28, 2022 — 114.680 USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 88.143 USD. It was reached on Feb 16, 2018. See more data on the US Dollar Index chart.
US 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 US Dollar Index futures or funds or invest in its components.