DXY Potential Bullish Reversal – Target 99.456DXY Potential Bullish Reversal – Target 99.456 🎯
Technical Analysis Overview:
🔹 Trend Structure:
The chart illustrates a recent downtrend, which has been broken as price moved above the descending trendline, signaling a potential trend reversal.
🔹 Pattern Insight:
A bullish harmonic pattern is vi
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
Related indices
DXY is close to making a bottom - Watch for IT & Metal StocksDXY counts are marked herein. The correction is complete or one more low is due after a pullback.. But the bottom is not far away. The index is due for a pullback.
Time to exit short positions and slowly find long opportunities.
Weekly chart (Channel bottom confluence both on rising and falling ch
DXY headed to 165+ in coming years- Buckle upI have shared a chart earlier of DXY Monthly where DXY is going to 135+ in coming months. This is quaterly chart, which says that DXY will reach 165+ in coming years.
Thats what chart says I know there is talk about Dllar Crash and what not.
But I see only charts.
Regards
THE KING TRADER
DXY headed to 135+ in coming months - Fasten the seat belts.We are in a Diagonal in making and currently in wave 5. In that we are currently in subwave 2 and 3rd wave is going to start within couple of months which will take it to 135+. DXY at such level can wreck havoc for Equity and Metals like GOLD, SILVER.
I dont give a shit what propoganda of Dollar In
Entry Point Marked at: ~97.200 The price has already reacted m Entry Point
Marked at: ~97.200
The price has already reacted multiple times around this level, suggesting it's a key support zone.
🛑 Stop Loss
Placed at: ~96.930
Just below the support zone, protecting against a breakdown below recent lows.
This implies a risk of about 27 pips from the entry.
DXY Weekly Free Analysis (28-06-25 to 05-07-25)DXY
In early July 2025, the US Dollar Index (DXY) may start moving up from the support area around 96.70. This is because the US is expected to release strong job and service sector data (like Non-Farm Payrolls and ISM Services), which shows the economy is still doing well. Also, the US central ban
DXY Bullish Reversal & Cup FormationThe DXY (US Dollar Index) is exhibiting a strong bullish reversal pattern, with multiple technical signals suggesting upward momentum:
🔍 Technical Analysis Summary:
✅ Support Holding Strong:
Price has respected the horizontal support zone around 98.00–98.50 on multiple occasions (highlighted by or
U.S. Dollar Index (DXY) Bearish Setup – Supply Zone Rejection & 🔹 Trend Overview
📊 Overall Trend: Bearish (Downtrend)
📉 Price is forming lower highs and lower lows within a descending channel.
🔻 Recently bounced off a support zone, now heading toward a potential pullback.
🔵 Supply Zone (Resistance Area)
📍 Zone Range: 100.049 – 100.601
🧱 Acts as a resistanc
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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.