Dollar index next move?The Dollar Index is in a middle zone, neither up nor down can be acknowledged. However, the price movement in this area can be monitored to make the appropriate decision.
About U.S. Dollar Index
The 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
DXY analysis based on ICT concepts and candle scienceHello, greatest community Since this is my first post, I sincerely hope you find it useful.
I am going to start with a top-down analysis.
First, based on the monthly chart.
Currently, we are in the monthly SIBI, a reversal area.
What are we supposed to look for next?
A drop in momentum to
US Interest Rates: Impact on Global Markets and StrategiesUS interest rates are a cornerstone of the global financial system, wielding significant influence over markets worldwide. Set by the Federal Reserve (Fed), these rates dictate the cost of borrowing, the return on savings, and overall liquidity in the economy. However, the impact of US interest rate
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 102.931.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recomme
Bearish drop?US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 103.03
1st Support: 102.36
1st Resistance: 103.67
Risk Warning:
Trading Forex and CFDs carries a high level of risk
What America Does with Its Money ? 🇺🇸 Decoding America's Spending: A Deep Dive into Government Finances
This topic has been on the horizon for a while, and I think many new traders will be pleased to see it so LFG
Just like a business, the government has its own financial records :
💰 Money comes in (primarily from taxes)
💸 Money goe
DXY at R3 (Exit pump done)following my extremely bearish yearly chart on DXY, we have this little exit pump to make people go the wrong direction.
Here are the daily pivots whispering to me about a nice top. Any self respecting bull should be taking profit here. Now, time to long some more gbp and xrp!
DXY: The Bullish Rally ContinuesDXY: The Bullish Rally Continues
Following the better-than-expected Non-Farm Payroll (NFP) data, the Dollar Index (DXY) made a decisive breakout from its structural zone, increasing the likelihood of further growth.
I expect a normal correction ahead of Thursday's US Consumer Price Index (CPI) da
DXY Weekly In Relation To Bitcoin: MA200 & Price DynamicsHello my cherished reader, it is my pleasure to write and be of service to you again today.
We are going to be looking at the DXY long-term, weekly timeframe. We will consider how the action is happening in relation to MA200 and then reach some conclusions in relation to Bitcoin, are you ready? Goo
Daily swing high retestLooking at closing the week with a weak DXY given that price fails to trade above the Daily swing area, marked in price. This weakness will be rise to the Indices especially the Us30 index. this is a short term trade idea.
See all ideas
Analyze a symbol's price movements over past years with our seasonal tools, helping you spot repeating annual trends and better gauge potential market patterns.
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Frequently Asked Questions
The current value of U.S. Dollar Index is 103.188 USD — it has risen by 0.13% 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 — 164.720 USD. See more data on the U.S. Dollar Index chart.
The lowest ever quote of U.S. Dollar Index is 70.698 USD. It was reached on Mar 17, 2008. See more data on the U.S. Dollar Index chart.
U.S. Dollar Index value has increased by 0.55% in the past week, since last month it has shown a 1.83% increase, and over the year it's decreased by −3.18%. 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.