empty
17.07.2025 08:47 AM
The DXY has the potential to test its pivot level, but there is potential for further strengthening on Thursday, July 17, 2025.

US Dollar Index – Thursday, July 17, 2025

If the pivot and support levels are able to withstand the #USDX's weakening correction in the near term, the #USDX has the potential to continue strengthening, supported by the Golden Cross EMA (50 & 200) and the 914 RSI (Neutral-Bullish) conditions.

Key Levels

1. Resistance 2: 99.47.

2. Resistance 1: 98.87.

3. Pivot: 98.27.

4. Support 1: 97.67.

5. Support 2: 97.07.

Tactical Scenario

Positive Reaction Zone: If the price successfully breaks through and closes above 98.87, the #USDX has the potential to continue strengthening to 99.47.

Momentum Extension Bias: If the 99.47 level is successfully broken through and closes above it, the #USDX will continue its strengthening momentum to 100.97.

Invalidation Level / Bias Revision

Upside bias weakens when the price breaks through and closes below 97.07.

Technical Summary

EMA(50): 98.40.

EMA(200): 98.11.

RSI(14): 55.15.

Economic News Release Agenda:

Safety Demand & Yield Rebound, concerns over political pressure to lower interest rates on the Fed, and strong US industrial data against weak PPI, all combine to give the #USDX the potential to strengthen today.

Tonight, there are news releases from the United States:

US Core Retail Sales m/m - 7:30 PM WIB.

US Retail Sales m/m - 7:30 PM WIB.

Unemployment Claims - 7:30 PM WIB.

This image is no longer relevant

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast for October 7, 2025

On Monday, the euro failed to close the opening gap. The price did not consolidate below the daily MACD line, and a long lower shadow formed—a sign that the market

Laurie Bailey 05:24 2025-10-07 UTC+2

GBP/USD Forecast for October 7, 2025

On Monday, the British pound attempted to slip further below the daily MACD line, but by the end of the day, a white candlestick had formed, rising 19 pips

Laurie Bailey 05:24 2025-10-07 UTC+2

EUR/CAD Forecast for October 7, 2025

On the weekly chart, the price has reversed from the upper boundary of the price channel. Multiple divergences have formed between the price and the Marlin oscillator. The Marlin signal

Laurie Bailey 05:24 2025-10-07 UTC+2

Forex forecast 06/10/2025: EUR/USD, GBP/USD, USD/JPY, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 21:36 2025-10-06 UTC+2

GBP/USD. Technical Analysis for the Week of October 6–11

Last week, the pair, moving upward, almost tested the retracement level of 14.6% – 1.3540 (red dotted line), and then the price went down, closing the weekly candle at 1.3478

Stefan Doll 12:05 2025-10-06 UTC+2

EUR/USD. Technical Analysis for the Week of October 6–11

Last week, the pair, moving upward, tested the resistance line at 1.1778 (bold blue line), and then the price went down, closing the weekly candle at 1.1741. In the upcoming

Stefan Doll 12:01 2025-10-06 UTC+2

EUR/USD Forecast on October 6, 2025

On Friday, the EUR/USD pair continued to rise after bouncing from the 76.4% retracement level at 1.1695. Thus, on Monday this process may continue toward the resistance zone of 1.1789–1.1802

Samir Klishi 11:56 2025-10-06 UTC+2

GBP/USD Forecast on October 6, 2025

On the hourly chart, the GBP/USD pair on Friday rose to the 61.8% retracement level at 1.3482, bounced off it, turned in favor of the dollar, fell to the 76.4%

Samir Klishi 11:42 2025-10-06 UTC+2

GBP/USD. Technical Analysis on October 6, 2025

On Friday, the pair moved upward to the 61.8% level, 1.3482 (red dotted line), then turned downward, closing the daily candle at 1.3478. Today, the price will attempt to start

Stefan Doll 10:10 2025-10-06 UTC+2

EUR/USD. Technical Analysis on October 6, 2025

On Friday, the pair moved upward to the 38.2% level at 1.1749 (red dotted line), then turned downward, closing the daily candle at 1.1741. Today, the price will attempt

Stefan Doll 10:03 2025-10-06 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.