Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support
DXY Bullish: First Time Since December 2023 (vs Bitcoin)My dear supporter, it is not only Bitcoin that will enter a major correction, the SPX, DJI, NDX and all major stocks are also sitting on very strong bearish charts. The whole financial economy is about to crash... With that said, we look at each chart individually.
We are now considering the DXY, t
US DOLLAR INDEX (DXY): Accumulation is Over!The US Dollar had been trading within a set range on an intraday chart since late August.
However, the release of recent fundamental data has caused a surge in market optimism, leading to the price breaking above the upper boundary of the range.
This breakout suggests the possibility of a contin
US Dollar Index Climbs to 101.00 as Powell Signals Rate CutsThe US Dollar Index (DXY) has risen close to the 101.00 level following remarks from Federal Reserve Chair Jerome Powell, who indicated that future rate cuts would be implemented gradually. This rise comes as no surprise, as the DXY has rebounded from a key demand area that was previously identified
DeGRAM | DXY descending channel breakoutDXY is moving above the descending channel and trend lines.
The price broke through the resistance level, which coincides with the 50% retracement level of the bearish momentum.
We expect further growth after consolidation above the resistance.
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DXY Sell this Oct-Nov dead-cat-bounce and target 97.000.Last time we looked into a such a long-term (multi-year) time-frame on the U.S. Dollar Index (DXY) was 10 months ago (December 15 2023, see chart below) where we gave the most optimal buy entry at the time:
We now take it to the 1M time-frame where the long-term trend gets more clear and the pa
DeGRAM | DXY a pullback from the resistance levelDXY is moving above the descending channel between the trend lines.
The price reached the resistance level, after which it instantly reacted with a decline. This level has already acted as an important resistance and a pullback point last time.
The chart is moving from the upper trend line to the
DXY last wave 5Looks like we have 4 waves finished. Backtest on trendline. Ready to find lower levels. Trade save!!
DXY OVERVIEWThe price has rallied back to a key resistance zone around 101.84–101.91. This level is acting as a strong resistance, likely due to the confluence of previous highs and unconsumed liquidity in this area.
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Frequently Asked Questions
US Dollar Index Futures reached its highest quote on Sep 28, 2022 — 114.72 USD. See more data on the US Dollar Index Futures chart.
The lowest ever quote of US Dollar Index Futures is 88.13 USD. It was reached on Feb 16, 2018. See more data on the US Dollar Index Futures chart.
US Dollar Index Futures 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 Index Futures futures or funds or invest in its components.