ICE: DX, USDX, DXY - US Dollar Index Futures forecast, up to 108.2 - Forex Trading Today
Will the US dollars fall? In my opinion, they will not. So-called they like printing money. The economy is not good either. The value of the dollars have been steadily declining, almost reaching zero.
However, the dollars will be relatively strong against other currencies. Other currencies seem to exist for the dollar. The dollars may collapse someday. However, other currencies may collapse before the dollar. Of course, we do not know yet whether or not.
The US Dollar Index (ICE: DX) is likely to rise. The support line is 95.07 and the resistance line is 108.2. A very meaningful line is 97.6. For the time being, they are likely to move between 97 and 100. In the medium term, they will rise to 108.
[US Dollar Index monthly chart, ICE: DX, USDX, DXY]
However, the dollars will be relatively strong against other currencies. Other currencies seem to exist for the dollar. The dollars may collapse someday. However, other currencies may collapse before the dollar. Of course, we do not know yet whether or not.
The US Dollar Index (ICE: DX) is likely to rise. The support line is 95.07 and the resistance line is 108.2. A very meaningful line is 97.6. For the time being, they are likely to move between 97 and 100. In the medium term, they will rise to 108.
[US Dollar Index monthly chart, ICE: DX, USDX, DXY]