Introduction The U.S. Dollar Index (DXY) has continued its recent rebound from October lows near 97.50. The dollar’s renewed strength comes as traders position ahead of this week’s FOMC decision, with market sentiment cautious but leaning toward a continued pause in interest rates. Technically, the dollar is approaching a pivotal resistance zone that could determine Read More…
Introduction The U.S. Dollar Index (DXY) edged up 0.11% to 99.07 on Tuesday, showing signs of steadying after last week’s drop. It’s still holding above key support, with buyers trying to keep momentum going despite mixed U.S. economic data and changing views on Fed policy. Let’s take a closer look at the technicals.. Technical Overview Read More…
Introduction The U.S. Dollar Index (DXY) has begun flattening after peaking back in January of this year. It appears to have found a floor at least for the moment between 96.5–98.5 after its steep decline earlier this year of 12.5%. While the downside pressure has eased, the index has yet to show signs of a Read More…
Current Price: 98.653Daily Change: −0.011 (−0.01%)Key Resistance: ~101.975 (horizontal)50-day MA: 98.289 (currently being tested)200-day MA: 103.363RSI (14): 57.44 (neutral-bullish) Technical Structure RSI & Momentum Interpretation This recent push through the 50-day moving average and the uptick in RSI show that short-term sentiment has improved for the U.S. dollar. However, this is happening within a broader Read More…
Introduction The U.S. Dollar Index (DXY) continues its slide, slipping further below the 97.80–98.50 support zone. With the RSI sustaining below 50 and moving averages trending down, the USD is under growing pressure as macroeconomic and geopolitical currents erode demand for the greenback. Technical Breakdown Metric Information Price 97.18 Key Breakdown Below ~98.00 support zone Read More…
Euro FX Futures (6E1!) continue to follow a steady uptrend, now trading at 1.1587 and holding firmly above a rising trendline that has acted as reliable dynamic support since early March. The price remains comfortably above both the 50-day MA (1.1376) and 200-day MA (1.0871). The Dollar continues its decline as the political scene in Read More…
