The US dollar index is currently facing multiple fundamental pressures. The G20 Finance Ministers and Central Bank Governors Meeting held in Washington, DC from Tuesday to Thursday this week will focus on the weakening of the US dollar, which will undoubtedly become the focus of the market.
Technical analysis: The daily chart shows a clearer downward trend. The US dollar index has fallen all the way from the high of 110.1699. Although there was a small rebound in the middle, it showed an obvious downward channel overall. The price has fallen below the important psychological support level of 99.2000 to 97.9229, and then rebounded slightly. The daily MACD indicator DIFF is -1.5343, DEA is -1.2116, and the column continues to expand, indicating a strong medium-term downward trend. The RSI indicator is in the oversold area of 22.8660, and the CCI indicator is -109.5171, which is also in an oversold state, suggesting that a technical rebound may occur, but the rebound may be limited.
Market sentiment observation
The market reacted strongly to the uncertainty of the Trump administration's trade policy. In the short term, the US dollar index has entered the oversold area, but the market generally believes that it is difficult for bulls to form an effective counterattack before the end of the G20 meeting.
Short-term trading suggestions: The US dollar index may fluctuate and consolidate in the range of 97.50-98.50. Technical indicators show that there is an obvious demand for oversold repair, but there is limited upside before the end of the G20 meeting. If the G20 meeting releases positive signals, it may trigger a technical rebound to the 99.00 mark; conversely, if the results of the meeting are not as expected, the US dollar index may further fall to the 97.00 level. The key support levels are 97.50 and 97.00, and the key resistance levels are 98.50 and 99.00.
Trading is risky, and profits and losses are at your own risk. The specific real-time signal shall prevail.
If you don’t know when to enter the market, real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
XAUUSD XAUUSD GOLD GOLD XAUUSD XAUUSD
Technical analysis: The daily chart shows a clearer downward trend. The US dollar index has fallen all the way from the high of 110.1699. Although there was a small rebound in the middle, it showed an obvious downward channel overall. The price has fallen below the important psychological support level of 99.2000 to 97.9229, and then rebounded slightly. The daily MACD indicator DIFF is -1.5343, DEA is -1.2116, and the column continues to expand, indicating a strong medium-term downward trend. The RSI indicator is in the oversold area of 22.8660, and the CCI indicator is -109.5171, which is also in an oversold state, suggesting that a technical rebound may occur, but the rebound may be limited.
Market sentiment observation
The market reacted strongly to the uncertainty of the Trump administration's trade policy. In the short term, the US dollar index has entered the oversold area, but the market generally believes that it is difficult for bulls to form an effective counterattack before the end of the G20 meeting.
Short-term trading suggestions: The US dollar index may fluctuate and consolidate in the range of 97.50-98.50. Technical indicators show that there is an obvious demand for oversold repair, but there is limited upside before the end of the G20 meeting. If the G20 meeting releases positive signals, it may trigger a technical rebound to the 99.00 mark; conversely, if the results of the meeting are not as expected, the US dollar index may further fall to the 97.00 level. The key support levels are 97.50 and 97.00, and the key resistance levels are 98.50 and 99.00.
Trading is risky, and profits and losses are at your own risk. The specific real-time signal shall prevail.
If you don’t know when to enter the market, real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
XAUUSD XAUUSD GOLD GOLD XAUUSD XAUUSD 
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
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.
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
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.