FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

Hello traders, the dollar index has been growing quite well throughout the week, intensively indeed. The bulls have exceeded the norm, and if we talk about the extreme, it was beautifully broken through, confidently moving further north. We have moved into a specific lead, and the question of whether there will be a correction at all is very concerning for many who trade not only directly on the index but also on the majors. Overall, a selective leap has occurred, and personally, I have not seen any signs of a southern reversal yet. Although I understand perfectly well that some pullback has occurred and it's just a matter of time. However, we passed the key level of 100.00 flawlessly, and I haven't seen any other strong resistance levels like that. Therefore, there is little to prevent reaching 100.50.

We can see a normal growth on the H1 chart. Surprisingly, there has been a very clear and steady trend throughout the second half of the week, essentially perfect and step-by-step. I don't know what will significantly affect the price and sentiment; on Mondays, the dollar usually rises quite well, at least due to the gap, as we had last week. I believe a successful move towards 100.50 awaits us.