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US Dollar Index FuturesUU

US Dollar Index Futures

103.22USDR
−0.62−0.60%
As of today at 01:20 GMT
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Falling towards overlap support?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 103.53 1st Support: 102.36 1st Resistance: 105.62 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.
TLong
by ICmarkets
DXY Bearish to 85-90The U.S. Dollar Index (DXY). Here are some key insights from the chart: A zigzag corrective pattern is identified. Resistance levels at 113 and an inverse bearish level at 115 are highlighted. The Exponential Moving Average (EMA 9) and Simple Moving Average (SMA 50) are displayed. Elliott Wave analysis appears to be used, indicating a possible downward correction. A bearish scenario targeting around 90 in the long term is projected. The U.S. Dollar Index (DXY). Here are some key insights from the chart: A weakening dollar will boost growth in the export sector. I believe this will occur during President Trump's term.
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by Mostafa-Mir
1
DXY at a Critical Level – Reversal or Continuation?Welcome back, guys! I’m Skeptic, and let’s break down the DXY. If you’ve been following my previous analysis, I mentioned that we are currently in a secondary downtrend, and that still holds true. However, it’s wise to gradually reduce risk and secure profits earlier for two key reasons: 1️⃣ We are approaching a critical support zone – the 60% Fibonacci retracement, which aligns with multiple key support levels. 2️⃣ The weekly candle structure – Looking at the weekly chart, we’ve already hit the four-week pivot point, meaning the market could either range here or even start a price reversal. Interesting stat: So far, this weekly candle is the largest since November 202 2 and the second-largest since March 2020, which signals significant market movement. 4H Timeframe Breakdown In my last analysis, I mentioned: 🚨 The main short trigger is at 106.188, but depending on momentum, we could potentially enter even earlier on lower timeframes. Now, 104.250 has already been broken, and the next key support sits at 103.398. 🔹 If you’re holding short positions, this 103.398 level is a great zone to secure profits. 🔹 No new triggers for now – I don’t expect immediate continuation, and as mentioned, we could see a range formation or even a reversal from here. Let’s see how price action develops. See you in the next analysis! 🔥📉
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by SkepticWise
1
Elliott Wave View Dollar Index (DXY) Nesting Impulsively LowerShort Term Elliott Wave View in Dollar Index (DXY) suggests the decline from 1.13.2025 peak is taking the form of an impulse with extension (nesting). Down from there, wave 1 ended at 106.97 and rally in wave 2 ended at 109.88. The ETF extended lower in wave 3 which is unfolding in 5 waves in lesser degree. Down from wave 2, wave ((i)) ended at 106.12 as the 1 hour chart below shows. Rally in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Up from wave ((i)), wave (a) ended at 106.79 and pullback in wave (b) ended at 106.16. Rally in wave (c) ended at 107.65 which completed wave ((ii)) in higher degree. The ETF extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 105.87 and wave (ii) rally ended at 106.38. The ETF extended lower in wave (iii). Expect wave (iv) rally to fail for further downside to complete wave (v) of ((iii)). Potential target lower is 100% – 161.8% Fibonacci extension of wave ((i)). This area comes at 101.59 – 103.9 where wave (v) of ((iii)) should end. Near term, as far as pivot at 107.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
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by Elliottwave-Forecast
DOLAR INDEX UPDATE: WEEK 11 OF 2025 FORECASTDOLAR INDEX UPDATE: WEEK 11 OF 2025 FORECAST Theme: Decoding the Dollar Index’s Next Moves in 2025 Based on the weekly chart cycle, the Dollar Index (DXY) is expected to hit the following levels in Week 11 of 2025: Upper Range: 107.6 - 108 Lower Range: 106 - 105 - 103.5 The lower range reflects the primary trend, signaling a bearish lean, while the upper range represents a short-term recovery wave. Keep an eye on these zones—2025’s twists could hinge on them!
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by rainbow_sniper
The US Dollar Index is Decreasing - Positive for Cryptocurrency#DXY #Analysis Description --------------------------------------------------------------- + The Dollar Index has breached its support level and is now trading below it, moving toward the next support zone around $100. + This development is positive for Bitcoin and the broader cryptocurrency market, as the US Dollar Index typically declines during a bull run. + In the long term, I anticipate further declines, potentially reaching the $90 range. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
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by VectorAlgo
Reasons for dollar to stabilizeDollar strength is expected to stabilize or persist into 2025 for several reasons: Economic growth differentials: The U.S. economy is projected to grow by 2.7% in 2024, outpacing the 1.7% growth forecast for all developed markets. This is driven by superior productivity growth, higher business investment and fewer labor supply issues compared to other developed markets. Such robust growth, which has contributed to inflation remaining above 2%, may lead the Fed to halt rate cuts sooner than expected. This makes a dollar weakening unlikely in the short term. Monetary policy differentials: The increasing divergence in global growth has led to a greater disparity in central bank policies worldwide. As a result, the gap between U.S. 10-year bond yields and those of its key trading partners has widened to its highest level since 1994. These differentials may remain elevated, as markets are currently pricing in only a limited number of Fed cuts next year (44bps), compared to 110bps for the ECB and rate hikes of 47bps in Japan. Policy changes: The upcoming administration's focus on boosting domestic manufacturing, increasing tariffs and deregulating industries could spur business growth and sustain higher interest rates, supporting the dollar. President-elect Trump has also discussed imposing tariffs or other measures on countries that challenge the dollar's trade dominance or reserve currency status. Even with the factors supporting the dollar, its ascent is unlikely to continue indefinitely. Currently, the dollar is two standard deviations above its 50-year average, suggesting limited room for further appreciation. Historically, the dollar has alternated between periods of strength and weakness, making a downturn likely at some point, though the timing is uncertain. Additionally, the U.S.'s persistent trade balance deficit, at 4.2% of GDP as of September 2024, poses a long-term constraint, highlighting a structural challenge that could eventually pressure the currency. A strong dollar can hurt international company performance for U.S.-based investors. It can also negatively impact U.S. companies with significant international exposure and U.S. exports by making goods more expensive abroad. While a stronger dollar could bolster the 'U.S. exceptionalism' narrative in 2025, investors should carefully assess its potential impact on their portfolios. Technically, we had a cup and handle formation, which we previously broke. Now, we are in the pullback of the break, and it make a triangle for wave 4. Remember wave dos was a flat. For that matter, this strong down momemtun, could be a retracement or wave 2 of 5.
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by TRADINGACPVIP
DXY FORECAST Q1 FY25 : zim dollar dollarBack again with a TVC:DXY doomsday post my judgement at the moment is based of the following reasonings. 📉 Tariffs & Global Trade Impact Tariffs weaken trade activity: If the U.S. imposes tariffs, it might reduce export competitiveness and disrupt global supply chains. That can lead to lower foreign demand for U.S. dollars, putting downward pressure on the DXY. Market uncertainty: Investors often move away from riskier assets during trade wars, but if confidence in the U.S. economy declines, they might shift into other safe havens (like gold or the Swiss franc) instead of dollars. 💰 Money Supply Contraction Dollar scarcity effect: The contraction in M2 money supply could strengthen the dollar temporarily due to reduced liquidity. However, if the Fed eases monetary policy to counter recession fears, it might reverse the effect, weakening the dollar. 📊 Inflation & Real Interest Rates Sticky inflation: If inflation remains above target (around 2.9%), and tariffs drive consumer prices higher, the Fed may face pressure to hold or hike interest rates — which could eventually support the dollar. Recession signals: On the flip side, if the economy contracts, rate cuts could come into play, flooding markets with liquidity and pushing the dollar down. in my opinion the shrinking money supply points to future deflationary pressures, which historically support the dollar however disruptive trade policies could destabilize growth, undercutting the dollar’s strength. If tariffs intensify and growth stalls, the dollar may stay weak or decline further despite the contracting money supply. But if the Fed stays firm on inflation control and global instability rises, the dollar could rebound as a safe haven... though this would depend on whether markets believe the U.S. can avoid a full-blown recession. Like Comment Follow Tip Gift its appreciated for more serious work like this.
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by Bekiumuzi_Dube
U.S. Dollar Index (DXY) Analysis – Weekly ChartThis chart of the U.S. Dollar Index (DXY) shows a potential Elliott Wave correction (A-B-C) pattern with Fibonacci retracement levels. Key Observations: Fibonacci Retracement Levels: 0.618 (109.846): Price touched this key retracement level before reversing downward. 0.5 (107.235): Also acted as a resistance zone. 0.236 (101.394): Possible short-term support level. Elliott Wave A-B-C Structure: Wave A: The initial decline from the peak. Wave B: The corrective upward move (retraced to the 0.618 level). Wave C: Expected further downside movement. Moving Averages (MA): The 105.08 MA was recently broken, signaling a possible trend shift downward. The 102.28 MA could act as a short-term support level. Bearish Scenario: If the C wave completes, the price could drop toward 96.172 or even lower. Confirmation of a breakdown below 102.28 would increase bearish momentum. Trade Plan (Bearish Bias): Entry: Short position if price breaks below 102.28. Stop Loss: Above the recent high (~109.85). Target Levels: 101.39 (0.236 Fib level) 96.17 (Full retracement) Conclusion: The DXY is showing bearish signs, having rejected the 0.618 Fib level and breaking key support zones. If the Elliott Wave pattern plays out, we could see further downside toward the 96–98 range. A confirmed move below 102.28 will validate a stronger bearish move.
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by GoodTarget