U.S. Dollar Index (DXY) | Forecast, News & Market Analysis

U.S. Dollar Index (DXY) – an indicator of the U.S. Dollar’s strength against other major world currencies (EUR, JPY, GBP, CAD, SEK, CHF).”

In 2008, the U.S. Dollar Index hit a historical low, after which a long-term upward trend began. Since then, the price has been steadily moving within a broad ascending channel, demonstrating consistent growth.

In the near term, a minor correction is expected: it is most likely that the price will drop to the resistance area indicated on the chart.

On the Euro Index chart, as well as the EUR/USD currency pair, a global bullish scenario toward the key level is likely. If this scenario unfolds, the U.S. Dollar Index is expected to show an opposite downward price movement.

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