On Friday, the U.S. Dollar Index continued to consolidate below 99.50. The market was focused on the tug-of-war between the market's expectations of the Federal Reserve's interest rate cuts and the impact of tariff policies.
The technical chart shows that the key support level has been broken, significantly increasing the short-term downward risk.
From the 4-hour chart perspective, the U.S. Dollar Index has successively broken through several key support levels, presenting an obvious downward trend. A new support level has formed near 99.1000 but is already below the important psychological threshold of 100.3000. The MACD indicator operates below the zero line. The DIFF and DEA lines show signs of convergence but haven't formed a golden cross yet. The RSI indicator is at 39.5638 and hasn't entered the oversold area, indicating that there is still room for a downward movement. Notably, the price has found temporary support at 99.0150, but the bullish forces are insufficient to drive a rebound.
Analyzing from the daily chart, the U.S. Dollar Index has completed a full downward trend from the high of 110.1699, breaking through three important moving averages: MA55, MA14, and MA200. The price has reached the low of 99.0150, forming a technical resonance with the 240-minute chart. The RSI indicator has dropped to 27.3184, entering the oversold area, suggesting a possible technical rebound. However, the MACD indicator remains in a death cross state, with the DIFF value at -1.4124 and the DEA value at -1.1281, indicating that the medium-term downward momentum is still strong. Also, the price has broken through the important support level of 100.2000, which has turned into a new resistance area.
The U.S. Dollar Index is likely to continue fluctuating within the range of 99.0000-100.2000. The key support level is at the integer mark of 99.0000. If this level is breached, it will open up a downward path to 98.5000. In case of a rebound, the primary resistance level is at 99.5000, followed by 100.2000 and the psychological threshold of 100.3000.
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
The technical chart shows that the key support level has been broken, significantly increasing the short-term downward risk.
From the 4-hour chart perspective, the U.S. Dollar Index has successively broken through several key support levels, presenting an obvious downward trend. A new support level has formed near 99.1000 but is already below the important psychological threshold of 100.3000. The MACD indicator operates below the zero line. The DIFF and DEA lines show signs of convergence but haven't formed a golden cross yet. The RSI indicator is at 39.5638 and hasn't entered the oversold area, indicating that there is still room for a downward movement. Notably, the price has found temporary support at 99.0150, but the bullish forces are insufficient to drive a rebound.
Analyzing from the daily chart, the U.S. Dollar Index has completed a full downward trend from the high of 110.1699, breaking through three important moving averages: MA55, MA14, and MA200. The price has reached the low of 99.0150, forming a technical resonance with the 240-minute chart. The RSI indicator has dropped to 27.3184, entering the oversold area, suggesting a possible technical rebound. However, the MACD indicator remains in a death cross state, with the DIFF value at -1.4124 and the DEA value at -1.1281, indicating that the medium-term downward momentum is still strong. Also, the price has broken through the important support level of 100.2000, which has turned into a new resistance area.
The U.S. Dollar Index is likely to continue fluctuating within the range of 99.0000-100.2000. The key support level is at the integer mark of 99.0000. If this level is breached, it will open up a downward path to 98.5000. In case of a rebound, the primary resistance level is at 99.5000, followed by 100.2000 and the psychological threshold of 100.3000.
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.