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USDX price outlook: US Dollar Index holds above 0.618 support Arc, potential rebound toward 99.22

US Dollar Index (USDX): Arc cycle analysis

Chart

Overview: Based on Arc Cycle Analysis applied to the 2h chart, the US Dollar Index is interacting with the 0.618 Support Arc within the current Arc Cycle. Price is holding above this Support Arc, suggesting the potential for a bullish rebound toward the next Resistance Arc.

Metric

Reading

 Market Bias

Neutral-Bullish

 Preferred Scenario

Potential Rebound / Advance Toward the Next Resistance Arc

 Primary Target Zone

99.22

 Scenario Invalidation

Sustained close below 98.75

 Current Arc Level

Support Arc (0.618)

 Cycle Status

Testing Support Arc

 Arc Integrity

Strong

Market outlook

Price is holding above the 0.618 Support Arc, indicating that this Arc continues to provide support within the current Arc Cycle. If the Support Arc continues to hold, a rebound toward 99.22 price becomes the preferred scenario.

Conversely, a sustained 2h close below the Support Arc at 98.75 would invalidate the bullish scenario and shift the outlook toward the next Support Arc.

Author

Mohamad Gharib

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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