{"id":27545,"date":"2022-05-10T08:01:00","date_gmt":"2022-05-10T07:01:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=27545"},"modified":"2022-05-10T17:19:09","modified_gmt":"2022-05-10T16:19:09","slug":"dxy-technical-analysis-next-200-point-move-coming","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/dxy-technical-analysis-next-200-point-move-coming\/","title":{"rendered":"DXY Technical Analysis &#8211; Next 200-point move coming"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27545\" class=\"elementor elementor-27545\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebd3715 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebd3715\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb01560\" data-id=\"cb01560\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11965c6 elementor-widget elementor-widget-text-editor\" data-id=\"11965c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">US dollar index<\/a> remained well-supported on Monday as US nominal and real yields continued to move higher. Strength was felt the most against commodities and their related currencies.<\/p><p>The <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">AUD\/USD<\/a>, <a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">NZD\/USD<\/a>, and <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">USD\/CAD<\/a> currencies are all vulnerable to swings in risk appetite as their domestic economies are seen to be tied to global growth prospects due to the being major exporters of commodities.<\/p><p>Energy, <a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">precious metals<\/a>, other type of metals needed for industrial components, and other types of commodities, such as <a href=\"https:\/\/bit.ly\/3xG38IH\" target=\"_blank\" rel=\"noopener\">oil<\/a>, remain under pressure due to fears about the slowing global economy.<\/p><p>It should be noted though that the underlying problems with supply of most of these commodities remain ever present. Worryingly, the war in the Ukraine is ongoing and doesn\u2019t look like abating any time soon, despite no major announcement being made on May 9<sup>th<\/sup>, as feared.<\/p><p>Commodities bore the brunt of the selling yesterday, but the US Dollar index, did not set a new high because the euro currency started to rebound. The <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">euro<\/a> makes up a huge basket of the US dollar index, as does the <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">yen<\/a>.<\/p><p>The next big move should come after the CPI and PPI report from the US this week. With central bank divergence, and a growth remaining study in the United States, it is therefore possible we will see more greenback strength against other major currencies after the FED meeting.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-decea43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"decea43\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c0acf2e\" data-id=\"c0acf2e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a8e5f36 elementor-widget elementor-widget-image\" data-id=\"a8e5f36\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"435\" height=\"165\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/usdind-chart-1.jpg\" class=\"attachment-large size-large wp-image-27549\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9de3c42 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9de3c42\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4de60b\" data-id=\"a4de60b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-768f4e9 elementor-widget elementor-widget-text-editor\" data-id=\"768f4e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>According to the ActivTrader Market Sentiment tool some 74% of traders are bearish towards the US dollar index, which may hint those further gains are coming as bearish sentiment is growing.<\/p><p>This is bullish constrain signal is pointing to more USD gains, it should be noted that bullish sentiment has risen by around 10 percent since last week, which could hint at more downside.<\/p><p><strong>US dollar index Short-Term Technical Analysis<\/strong><\/p><p>Technical analysis on the four-hour time frame shows that the US dollar index pair has corrected to the 102.50 area and is now started to base out around the pivotal 103.55 level.<\/p><p>However, caution should be advised as large amounts of negative MACD price divergence has also formed on the four-hour time frame.<\/p><p>According to the overall size of the bearish divergence, it shows that the US dollar index could be preparing to stage a move towards the 101.50 support area.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-179b621 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"179b621\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0045ece\" data-id=\"0045ece\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dae6379 elementor-widget elementor-widget-image\" data-id=\"dae6379\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"557\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/usdind-4h-1.jpg\" class=\"attachment-large size-large wp-image-27551\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5246dba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5246dba\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-192892\" data-id=\"192892\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-407ae607 elementor-widget elementor-widget-text-editor\" data-id=\"407ae607\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8093526 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8093526\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c835614\" data-id=\"c835614\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6535ec5 elementor-widget elementor-widget-text-editor\" data-id=\"6535ec5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>US dollar index Medium-Term Technical Analysis<\/strong><\/p><p>The daily time frame is showing that US dollar index has briefly breached a key multi-year trendline, although it has still failed to rally past the 2017 high with conviction and make more strong price gains ahead.<\/p><p>A break above the trendline would turbocharge a surge in the US dollar index, however, caution is advised as the DXY is still very overbought technically according to the mentioned time frame.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b169de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b169de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3294eb2\" data-id=\"3294eb2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0551f25 elementor-widget elementor-widget-image\" data-id=\"0551f25\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"551\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/USDIND-1D.jpg\" class=\"attachment-large size-large wp-image-27552\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4abcc696 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4abcc696\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-28a46fd8\" data-id=\"28a46fd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5488b041 elementor-widget elementor-widget-text-editor\" data-id=\"5488b041\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The US dollar index remained well-supported on Monday as US nominal and real yields continued to move higher. Strength was felt the most against commodities and their related currencies. The AUD\/USD, NZD\/USD, and USD\/CAD currencies are all vulnerable to swings in risk appetite as their domestic economies are seen to be tied to global growth [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":27547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[52,18,53,40,31,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DXY Technical Analysis - Next 200-point move coming - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/dxy-technical-analysis-next-200-point-move-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DXY Technical Analysis - Next 200-point move coming DXY Technical Analysis - Next 200-point move coming\" \/>\n<meta property=\"og:description\" content=\"The US dollar index remained well-supported on Monday as US nominal and real yields continued to move higher. Strength was felt the most against commodities and their related currencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/dxy-technical-analysis-next-200-point-move-coming\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-10T07:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-10T16:19:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_1engin-akyurt-wfvvqj48kea-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"DXY Technical Analysis - Next 200-point move coming DXY Technical Analysis - Next 200-point move coming\" \/>\n<meta name=\"twitter:description\" content=\"The US dollar index remained well-supported on Monday as US nominal and real yields continued to move higher. 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