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Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bouce to the 1st resistance. Pivot: 100.17 1st Support: 97.91 1st Resistance: 101.93 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.
TVC:DXYLong
by ICmarkets
Bullish bounce?US Dollar Index (DXY) is reacting off the pivot and could bounce to the 1st resistance. Pivot: 100.21 1st Support: 99.45 1st Resistance: 101.88 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.
TVC:DXYLong
by ICmarkets
DXY Is Going Up! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 99.729. The above observations make me that the market will inevitably achieve 100.749 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
USD Reversal From 2025 Downtrend- DXY Short-term LevelsThe US Dollar Index rallied more than 4% off confluent support with the recovery failing at the yearly downtrend this month. The decline is responding to initial support late in the week with the near-term recovery may be vulnerable as we head into the close of the month. A look at DXY price actions shows the index rebounding off support today at 99.40/47- a region defined by the 61.8% retracement of the April rally and the May low-day close (LDC). Initial resistance is eyed at the 38.2% retracement of the recent decline / 2024 low-close at 100.35 with key resistance around the 50% retracement at 100.65- note that the April trendline converges on this threshold over the next few days. Ultimately, a breach above the Friday close / 61.8% retracement at 100.97 is needed to suggest a more significant low was registered last month / validate a breakout of the yearly downtrend. A break below the weekly lows would threaten resumption of the broader downtrend towards subsequent objectives seen at the 78.6% retracement at 98.79 and key support at 97.71-98.39- a region defined by the 2018 swing high, the 2025 swing low, and the 61.8% retracement of the 2018 advance. Look for a larger reaction there IF reached. Bottom line: The U.S. Dollar has broken below a multi-week uptrend with the bulls now attempting to mark resumption of the yearly downtrend. From a trading standpoint, rallies would need to be limited to 100.65 IF the index is heading lower on this stretch with a close below 99.40 needed to fuel the next leg of the decline. Keep in mind we get the release of key U.S. inflation data next week with core personal consumption expenditures (PCE) on tap into the close of the month. Stay nimble into the release and watch the weekly closes here for guidance. -MB
TVC:DXY
by FOREXcom
USD Bears Take Over After 102 ResistanceTiming moves can be difficult on both long and short-term basis. But when price goes oversold on the weekly chart, it can be really difficult to chase the move lower, such as we saw in DXY back in late-April. The currency hit a major spot of confluent support on Easter Monday and at that point RSI on the weekly was in oversold territory for only the second time in the past seven years. As I had highlighted in this post () it was the 102 level that I wanted to see DXY trade through to illustrate bullish control following that oversold reading. It took a few weeks, but last Monday saw an open door for bulls to make the statement move - but they fell 2 pips shy of the big figure and since then, sellers have taken more and more control of the matter. This is where the proverbial plot thickens as there's now no oversold reading on the weekly DXY chart, and sellers have an open door to push for a major low. On that front, we will likely need to see a breach of the 140.00 level in USD/JPY to allow for a push to a fresh low, and given the momentum in both USD and USD/JPY from the past week, that's not something that I would want to discount. But next week is the final week of May trade and it's a big week for both markets. USD/CAD remains of attraction for USD bears given the longer-term range that remains in play there. - js
TVC:DXY
by FOREXcom
DXY - Dollar Index AnalysisThe U.S. Dollar Index (DXY) remains in a bearish zone, as indicated by the current weekly chart. There is potential for further downside movement toward the 99.70 level, which serves as a strong support area. If this level is breached, the next key support could be found near 98.56. Alternatively, the index may experience a short-term correction to the upside. A breakout above 101.40 could trigger a move toward the 102.40 resistance level. However, this upward movement is likely to be limited, and the broader trend suggests a probable return to bearish momentum, potentially driving the index back down toward 98.56.
TVC:DXYShort
by rehankhanani
DOLLARDXY (US Dollar Index) and Bond Yield Relationship – May 2025 Current Market Situation US Treasury Yields: The 10-year Treasury yield is at 4.54% (May 21, 2025), and the 30-year yield is testing the 5% level amid a global bond sell-off. DXY (US Dollar Index): The DXY and the 10-year yield are moving in sync again after a period of divergence earlier in 2025. Relationship Dynamics Positive Correlation: Historically, the DXY and US bond yields (especially the 10-year yield) tend to move together. When yields rise, the dollar often strengthens, as higher yields attract foreign capital seeking better returns. In recent weeks, this positive correlation has resumed after a brief disconnect in April, when yields surged but the dollar weakened due to shifting investor sentiment and US tariff policy. Periods of Divergence: In early April 2025, there was a notable divergence: yields climbed while the dollar fell, reflecting a rare episode where investors were wary of US assets despite higher returns, possibly due to concerns about US fiscal health and global trade tensions. During that period, both US bonds and the dollar declined together, signaling a potential shift away from US assets and raising questions about the dollar’s structural appeal as a reserve currency. Recent Realignment: After the Federal Reserve’s recent meeting and a major tariff agreement with China, the DXY and yields began rising together again, indicating renewed confidence in US assets and a return to more typical market behavior. Key Factors Influencing the Relationship Fed Policy: Expectations for future rate cuts or hikes directly influence both yields and the dollar. Higher expected rates generally support both. Global Risk Sentiment: In risk-off scenarios, the dollar can strengthen even if yields fall, due to safe-haven demand. Trade and Fiscal Policy: Tariffs and concerns about US debt sustainability can disrupt the usual correlation, as seen in early 2025. Summary Table Factor Impact on DXY Impact on Yields Typical Correlation Rising US Yields Strengthens DXY Yields rise Positive Fed Rate Hike Expectations Strengthens DXY Yields rise Positive US Fiscal Concerns Can weaken DXY Yields may rise Can diverge Global Risk Aversion Strengthens DXY Yields may fall Can diverge Trade Tensions/Tariffs Mixed Mixed May disrupt correlation Conclusion As of May 2025, the DXY and US bond yields have resumed a positive correlation, both rising in response to Fed policy signals and improved risk sentiment following a major tariff agreement. However, earlier in the year, this relationship broke down due to concerns about US fiscal stability and shifting global investment flows. The interplay between DXY and yields remains sensitive to Fed policy, fiscal outlook, and geopolitical developments. #DOLLAR #DXY
TVC:DXYLong
by Shavyfxhub