- Analytics
- News and Tools
- Market News
- US dollar Price Analysis: DXY bulls pushing the barriers
US dollar Price Analysis: DXY bulls pushing the barriers
- US dollar reaches into the 110 area and bulls remain in control.
- The bears need to get back below 108.90 structure for the days ahead.
Following on from last week's positive close, it has been a bullish start for the week in the greenback. The US dollar has touched 110 in trade to start the week but the Shark harmonic pattern remained as a bearish feature on the charts.
DXY H4 chart
The price will need to get below the 108.90s for prospects of a deeper run through the 108's and to offer some relief, if only temporary, within the firm bullish cycle in the greenback.
With that being said, there is room for the index to run until it meets January 2002 lows at 110.98:
DXY monthly chart
As illustrated, there is room to go to the upside given the gap that could be filled in the month ahead, if not days or weeks. Volatility in the forex space has picked up over the course of 2022 and especially into the summer months:
As per CNBC's DBCVIX USD Volatility Index, August has seen a pick up in volatility which could be just getting started.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
