Dollar Index Dollar index hit resistance now.. As per weekly chart also... Rejection must.. Could be better for indian market.
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 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
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 - 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 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
US Dollar Index reached its highest quote on Sep 28, 2022 — 114.687 USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 70.700 USD. It was reached on Mar 17, 2008. See more data on the US Dollar Index chart.
US 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 US Dollar Index futures or funds or invest in its components.