DXY at Major Support โ Dollar Ready to Rebound?Today, I want to analyze the DXY index ( TVC:DXY ) for you. First, I must say that this week, US indexes can have an impact on the DXY index trend .
US indexes to be released this week:
Core PPI m/m: Tomorrow
PPI m/m: Tomorrow
Core CPI m/m: Thursday
CPI m/m: Thursday
CPI y/y: Thursday
About U.S. Dollar Index
๏ปฟThe 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
Related indices
๏ปฟDXY ON TODAYS NEWSThe upcoming NFP release is likely to bring heightened volatility across the markets. Based on my analysis, the U.S. dollar shows strong potential for upside movement, supported by prevailing market structure and momentum. While the forecast leans bullish, it is important to remain cautious as NFP d
Bearish reversal off 61.8% Fibonacci resistance?The US Dollar Index (DXY) is rising towards the pivot which aligns with the 61.8% Fibonacci retracement, and could reverse to the 1st support.
Pivot: 98.11
1st Support: 97.36
1st Resistance: 98.47
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute th
DXY Head and Shoulders Retest H4Change of bias on DXY - if the current bounce of price in support is a retest of this H&S pattern then we may see prices fall to the 94 - 95 region.
NB: the upward-facing arrow is just a rough estimation of the retest target. Prices may fall from a much lower level than that.
US Dollar Index Drops to 7-Week Low Ahead of Key Inflation DataUS Dollar Index (DXY) Drops to 7-Week Low Ahead of Key Inflation Data
As the US Dollar Index (DXY) chart shows, the value of the USD against a basket of other currencies has fallen below 97.30 โ its lowest level since late July.
The reasons lie in market sentiment ahead of major data releases:
โ
DXY - My Detailed Bull Thesis Going ForwardDear Friends in Trading,
How I see it on a 12HR Time Frame.
(To follow my findings so should you)
RSI:
4HR = above 50% - 14sma supported
12HR = just below but right at 50% - 14sma supported
SUPPORT:
The purple line represents a multi layered support area created by HUGE demand.
It is the THRESHO
DXY Analysis โ Are Bad News Already Priced In?Since Trump entered the White House, the U.S. Dollar has taken a hard hit against its major counterparts, losing more than 10% overall.
But looking closer at the chart, we see a different story: since the April low around 97.80, the DXY has been stuck in a range-bound pattern, with the exception of
Fibonacci confluence signals bullish reversalUS Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 97.17
1st Support: 96.75
1st Resistance: 97.86
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of per
See all ideasย
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
๏ปฟThe current value of U.S. Dollar Index is 97.513ย USD โ it has risen by 0.20% in the past 24 hours. Track the index more closely on the U.S. Dollar Index chart.
U.S. Dollar Index reached its highest quote on Feb 25, 1985 โ 164.720ย USD. See more data on the U.S. Dollar Index chart.
The lowest ever quote of U.S. Dollar Index is 70.698ย USD. It was reached on Mar 17, 2008. See more data on the U.S. Dollar Index chart.
U.S. Dollar Index value has decreased by โ0.16% in the past week, since last month it has shown a โ0.52% decrease, and over the year it's decreased by โ4.08%. Keep track of all changes on the U.S. Dollar Index chart.
U.S. 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 U.S. Dollar Index futures or funds or invest in its components.