What does dxy stand for?

DXY | A complete U.S. Dollar Index (DXY) index overview by MarketWatch. View stock market news, stock market data and trading information.

What is the US dollar index (dxy)?

The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. DXY was originally developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies.

Will dxy fall into the channel?

Dollar index price forecast: DXY falls into the channel Dear traders! The Dollar Index price is currently falling near solid support at 104.97 including several old peaks that appeared at that height. The blue 89 EMA simple moving average also located at 104.80 will likely provide some support.