Dollar Index Dollar index hit resistance now.. As per weekly chart also... Rejection must.. Could be better for indian market.
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 Ready to Soar?📈 DXY Analysis & Forecast (US Dollar Index) 🚀
Current Structure:
The DXY appears to be in the middle of an impulsive wave sequence based on Elliott Wave theory, currently moving within the 4th wave correction phase. The overall structure shows a clear upward trend, supported by a rising trendline t
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY
DXY is currently trading at 105.57
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 105.57
I will add more position if 106.00 comes & will hold with SL 106.30
Targets I'm expecting are 104.75 - 104.30 - 103.73 & below.
Di
DXY - TRADE OPPORTUNITY ON SHORT SIDESymbol - DXY
DXY is currently trading at 104.72
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 104.72
I will add more position if 104.45 comes & will hold with SL 104.75
Targets I'm expecting are 103.25 - 102.75 - 102.15
Disclaimer
DXY Analysis: Bearish Trend Signals Potential Drop📊 DXY Analysis (2H Chart) 🧐
The U.S. Dollar Index is currently in a consolidation phase around the 104.50 level after a sharp drop from the recent highs. Let’s break down what the technicals are signaling:
1. Bearish Structure 📉:
• The index has been trading within a descending channel, which in
Do not overreact to the rising dollarThe DXY has been pushing higher for weeks now but on election day we maybe discounting the risk and therefore do not react. The FED also speaks tonight. Watch this key resistance level at 105.85 and if we do not cross it the setup could still be bearish the dollar eventually. AFter all the FED will
DXY gearing up for a big fallDate: 30 Oct’24
Symbol: DXY
Timeframe: Weekly
US Dollar Currency Index currently seems to be in final stages of Wave (e) of B. One more leg up and DXY will be ready to head lower sharply and in a big way. It is likely to head towards 90 and lower. This also means with DXY treading lower, Nifty is l
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DXY Support Resistance Levels:For the U.S. Dollar Index (DXY), here are the current support and resistance levels based on recent market data:
Support Levels:
First Support (S1): 101.0 - 101.3
Second Support (S2): 99.25 - 99.95
Third Support (S3): 97.25 - 98.1
Resistance Levels:
First Resistance (R1): 103.4 - 103.8
Second Resis
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current value of U.S. Dollar Index is 107.490 USD — it has risen by 0.54% 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 0.67% in the past week, since last month it has shown a 3.38% increase, and over the year it's increased by 3.50%. 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.