US Dollar Technical Outlook: DXY Multi-Timeframe Analysis
The U.S. Dollar Index is testing resistance where its 2024 swing highs meet this year's uptrend, with weekly momentum at its highest of the year. Michael Boutros, StoneX Senior Market Analyst, walks through a multi-timeframe technical view of the U.S. dollar, from the weekly chart down to the four-hour chart. Daily and four-hour momentum sit deep in overbought territory, while weekly momentum presses the top of the range it has held all year. U.S. nonfarm payrolls are the next major event risk, and Fed funds futures pricing for the Federal Reserve's remaining decisions has shifted after softer PCE inflation data.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
US Economic Data Release

Economic Calendar - latest economic developments and upcoming event risk.
Active Short-term Technical Video Updates
- British Pound Technical Outlook: GBP/USD Rebound Challenges September Downtrend
- Canadian Dollar Technical Outlook: USD/CAD Seven-Day Rally Tests Major Resistance
- Australian Dollar Technical Outlook: AUD/USD Breakdown Threatens Deeper Correction
- Swiss Franc Technical Outlook: USD/CHF Breakout Rally Tests Its Limits
--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex