US dollar currency index USDIDX Price Chart & History


USDIDX - USDX Today


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USDIDX
Status:Closed Trading
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About this chart

This page includes full information about the US dollar currency index, including the US dollar currency index live chart and dynamics on the chart by choosing any of 8 available time frames. By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of the display of the US dollar currency index live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart.All clients that have not yet decided which instrument to trade are in the right place since reading full characteristics of the USDIDX and watching its performance on the charts will help them to make their final decision.
It is easy to find any instrument since there is a filter for instrument types, offered by IFC Markets, and once the type is chosen, the list of all instruments can be seen right next to that filter.


Type:Indices

Group:Currency

Country:USA & Canada

About US dollar currency index

USDIDX | Indices

Type: Currency index

Liquidity: high

US dollar index – a benchmark for measuring the US currency value, calculated against a basket of six liquid world currencies, including the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.

It represents changes in the floating weighted geometrical average mean of the given exchange rates according to the formula:

USDIDX=50.14348112 * EURUSD-0.576 * USDJPY0.136 * GBPUSD-0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0.036

The index is:

  1. influenced by common factors which affect currencies, like fiscal and monetary issues, interest rates expectations, inflation and foreign trade
  2. notable due to the global coverage of its components

CFDs on US dollar index are traded in US dollars, with 1 contract price equaling the current index value expressed in US currency units.

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Technical Analysis

Technical analysis is a method of studying and evaluating market dynamics based on the price history. Its main purpose is to forecast price dynamics of a financial instrument in future through technical analysis tools. Technical analysts use this method of market analysis to forecast the prices of different currencies and currency pairs. This type of the analysis will allow you to make right investment decisions and trade more profitable in financial markets.
See also latest technical analysis of the price dynamics of USDIDX Dollar: USDIDX/USD forecast.