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USD Index (USX) / US DollarUSD Index (USX) / US DollarUSD Index (USX) / US Dollar

USD Index (USX) / US Dollar

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DXY Will Go Up From Support! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.427. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.268 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader
Bullish bounce?US Dollar Index (DXY) is reacting on the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 104.41 1st Support: 103.87 1st Resistance: 105.26 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
dxyThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar's value against a weighted basket of six major foreign currencies. The euro has the largest weight at 57.6%, followed by the Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). Created in 1973 after the Bretton Woods system's collapse, the DXY helps traders and investors track the dollar's overall strength in international markets. When the index rises, it means the dollar is strengthening against these currencies, while a falling DXY indicates dollar weakness. Many factors influence the DXY, including U.S. monetary policy, interest rates, economic indicators, and global market sentiment.
TVC:DXYLong
by HavalMamar
1
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data. Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady. On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar. As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.
TVC:DXYLong
by trader9224
Dollar index remains under 105.00The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July. From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the support is not enough, the index could continue up to 102.00. Maybe this pullback will be short-lived, and we will see a return to the bullish side again. We will be looking at a jump from 105.00 to a new four-month high.
TVC:DXY
by Aleksin_Aleksandar
Bearish drop?US Dollar Index (DXY) has reacted off the pivot which aligns with the 161.8% Fibonacci extension and could drop to the 1st support which acts as a pullback support. Pivot: 105.42 1st Support: 104.65 1st Resistance: 106.13 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
How the U.S. Election Outcome Could Shape DXY's pathHey Traders! In today’s trading session, we’re closely watching the DXY for a potential buying opportunity around the 102.800 zone. Recently, DXY has been trending downward but managed to break out of that downtrend, signaling a possible shift in momentum. Right now, it’s in a corrective phase and approaching the retracement level near the 102.800 support and resistance zone. Fundamental Analysis: U.S. Election Impact on the Dollar Today’s election could significantly impact the U.S. dollar, with the outcome likely to shape future economic policies. Here’s how each candidate’s policies might influence DXY: If Trump Wins: A Trump victory is expected to strengthen the dollar. Here’s why: Higher Inflation and Interest Rates: Trump’s policies, including potential tariffs and stricter immigration, are seen as inflationary. Tariffs can increase the cost of imported goods, while reduced immigration may create labor shortages, both driving inflation higher. Federal Reserve’s Stance: Higher inflation would prompt the Fed to reconsider future rate cuts and possibly lean toward raising rates to control inflation. Higher interest rates make the dollar more attractive, as investors seek better returns. Tax Cuts and Economic Boost: Trump’s proposed tax cuts are likely to stimulate economic growth in the short term. A booming economy typically supports a stronger dollar as investors favor a robust market. In this scenario, DXY would likely respond positively, and we could see a strong upward movement. If Harris Wins: On the other hand, a Harris victory could weaken the dollar due to different policy priorities: Lower Inflation and More Fed Flexibility: Harris’s policies are expected to focus more on economic support, potentially through spending programs and fewer tariffs. Lower inflationary pressure gives the Fed more room to keep rates low or even consider cuts. Market Reaction: Investors may anticipate a slower economic rebound, favoring a weaker dollar, as demand for safe-haven assets like the dollar could decrease. Your vote is very important! Joe.
TVC:DXYLong
by JoeChampion
1