Aetram Global Research: US Dollar Index (DXY) Technical Research Report - 02.11.2026

Aetram Global Research: US Dollar Index (DXY) Technical Research Report

Dollar Momentum Turns Neutral Near 101.93; Above 102.10 Improves Recovery While 101.84 Failure Restores Bearish Pressure

• Chart Name: US Dollar Index (DXY)
• Current Market Price: 101.93
• Current Trend: DXY remains range-bound below major resistance as recent rebound momentum begins to flatten.
• Trend Dominance: Bears retain broader influence, while bulls defend 101.84 support without decisive follow-through.

CHART OUTLOOK & PREDICTION

• Dollar is stabilizing around 101.93 after rebounding from 101.60, but 102.09–102.10 remains the dominant moving-average resistance cluster. RSI at 51.40 is neutral, MACD shows fading positive momentum, and ADX at 11.47 signals weak trend conviction. Holding 101.84 may support another 102.10 test; below 101.80 could expose 101.60.

UPCOMING EVENTS

• U.S. JOLTS data may strengthen dollar if labour demand remains resilient (Positive Catalyst)
• October employment report could support dollar if job growth exceeds expectations (Positive Catalyst)
• October CPI may weaken dollar if inflation pressures moderate further (Negative Catalyst)
• The JOLTS release is scheduled for November 3, the Employment Situation for November 6, and CPI for November 10.

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 101.84 / 101.60 / 101.40
• Resistance Levels: 101.94 / 102.10 / 102.40

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory shows an incomplete recovery after the rebound from 101.60, with price yet to establish a convincing higher-high sequence. The moving-average structure remains mixed, RSI is neutral, MACD momentum is fading, and weak ADX favours consolidation over strong directional continuation.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 102.10, price may move toward the 102.20–102.40 zone.
• Bearish Scenario: Below 101.84, downside risk could extend toward the 101.60–101.40 zone.
• Neutral Scenario: Between 101.84–102.10, range-bound consolidation may remain likely.

FINAL TAKEAWAY

• US Dollar Index is stabilizing after recent volatility, but the broader structure remains constrained below 102.10. Momentum lacks conviction, making 101.84–102.10 the key decision range. Acceptance above resistance may improve recovery prospects, while 101.84 failure could revive downside pressure.

CAUTION NOTES

• All Positivity Negates on breaking below 101.84.
• All Negativity Negates on breaking above 102.10.

DISCLAIMER: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.