Forex

USDollar Index Could Stay In The DowntrendMar 26, 2025

USDollar is weak, and it may stay so for a while as USDollar Index is in an impulsive decline, so it could easily stay in the downtrend, especially if we take a look at the ratio charts of USDollar Index against 10Y US Notes (DXY/ZN) and SP500 (DXY/SPX).

DXY/ZN (USDollar Index against 10Y US Notes) ratio chart shows an ongoing five-wave bearish impulse with room for more weakness within subwave “v” of 3 after current subwave “iv” pullback, which can keep USDollar under bearish pressure.

USDollar Index Could Stay In The Downtrend DXY/ZN 4H Ratio Chart
DXY/ZN 4H Ratio Chart

On the other hand, DXY/SPX (USDollar Index against SP500) ratio chart shows a sideways consolidation due to weak stocks in the last couple of weeks, but it can be forming a bearish ABCDE triangle pattern, where we are observing a three-wave abc decline within wave D. And, while subwave “c” of D has space for more weakness, it means that USdollar can stay down even against weak stocks.

USDollar Index Could Stay In The Downtrend DXY/SPX 4H Ratio Chart
DXY/SPX 4H Ratio Chart

All that being said, seems like USdollar will stay one of the weakest currencies, and USdollar Index should see a bearish continuation after any recovery.

Become a premium member

Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.

Register and look inside of our members area

Metals

Fifth wave move on gold

Read More

Funded Trader Program

Trade our money and collect the profits.

Read More

Learn Elliott Waves

Access to more than 7 hours of educational material

Read More

Commodity

Crude Oil Remains In A Bearish Triangle

Read More

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.