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Markets | Technical Analysis
Chart of the Day: More Downside in the Greenback?
David Russell
August 6, 2025

The U.S. Dollar Index began 2025 with a dramatic slide. Now, after a period of consolidation, some traders may see further downside risk.

The first pattern on today’s chart is 99.443, the closing price for both a week and the entire month of May. DXY tested …

For more, please click here to view the related idea and chart analysis on TradingView.

U.S. dollar index, daily chart, with selected patterns and indicators, courtesy of TradingView.

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About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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