USD Is Still Bullish! Wait For Buys!Welcome back to the Weekly Forex Forecast for the week of July 21-25th.
In this video, we will analyze the following FX market:
USD
The DXY has run bullish last week, up into an area of Supply, where the momentum hesitates now. Next week may pull back a bit... before continuing higher to the buy
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
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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
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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,
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
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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 — 114.691 USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 72.700 USD. It was reached on May 4, 2011. 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.