US Dollar MilkshakeYou might not understand it.
You might not even like it.
But it is happening!
#USdollar
About US DOLLAR CURRENCY INDEX
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was 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 Most Important Zone To WatchHey Traders, above is an overview on DXY and the most important zone to watch. DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.250 support and resistance area.
It's very important to watch DXY at the beginning of every trading week if n
USDX,DXYUSDX price is near the important support zone 100.68 - 99.89. If the price cannot break through the 99.89 level, it is expected that the price will rebound. Consider buying the red zone.
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DXY dropcounted 5 waves on W TF. after wave 5, an ABC correction started.
wave B is going to touch 0.618 of wave A.
dragging a fib on wave A and another on the entire 1-2-3-4-5 impulse on W, give us some nice confluences:
- 0.382 of the W impulse & 1.236 of wave A
- 0.5 of the W impulse & 1.618 of wave A
DXY: Highly overbought on 1D. Excellent short.The U.S. Dollar Index has turned overbought on its 1D technical outlook (RSI = 73.223, MACD = 0.950, ADX = 43.535) as the current weekly candle is only a few clicks away from the top of the 2 year consolidation Rectangle pattern. Even the 1W RSI (67.108) is about to turn overbought but has already r
U.S. Dollar IndexHello to all dear traders. I apologize for the delay in presenting the analyses, as I have transitioned my analysis to the daily timeframe, which has allowed me to examine the market with greater depth and precision.
Currently, we are examining the chart of the DXY (Dollar Index). Based on previous
DXY_INDEX_1D&1Whello
Analysis of the US dollar index
Mid-term and long-term time frame
Elliott wave analysis style
The index in wave C is an upward correction. Wave C consists of 5 ascending waves. We are currently at the end of wave 5, and the resistance of this wave can be considered as the range of 107.180 and
Dollar Index has made the break out!#DXY #dollarindex broke the bullish diamond pattern and trend line resistance. The chart seems bullish. If TVC:DXY does not unclaim this breakout, there' ll will serious corrections in markets, soon.
DXY Upsides: Bullish Rebound At Key Support ZoneHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.700 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.700 support and resistance area.
Trade safe, Joe.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US DOLLAR CURRENCY 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 CURRENCY INDEX futures or funds or invest in its components.