US Dollar Index (DXY) — Pressing against 100% resistance Arc

Mohamad Gharib Independent Analyst

DXY: Arc cycle analysis™

Figure 1: DXY 4h chart with Arc Cycle levels. U.S. Dollar Index (DXY) on the 4h chart with the Arc Cycle levels used in this analysis. Source: TradingView chart; Arc Cycle Analysis™ by Mohamad Gharib.

Overview

Based on Arc Cycle Analysis™ applied to the 4h chart, the U.S. Dollar Index is pressing against the 1 (100%) Resistance Arc, with a high potential of breaking this arc level. No signal has been confirmed yet, and the preferred approach is to await a clear reaction at the Arc before anticipating the next move.

Table 1: DXY Arc cycle analysis summary

Market outlook

The US Dollar Index is pressing against the 1 (100%) Resistance Arc, with a high potential of breaking this arc level. A confirmed breakout would place the first level to reach at 102.88, with the 1.236 Arc as the next target thereafter. However, no signal has been confirmed yet, and the preferred approach is to await a clear reaction at the Arc before anticipating the next move.

Author

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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