The price of the US dollar index confirms negativity – today’s forecast 8-21-2026

The index price confirmed its continued surrender to the control of the bearish tendency by presenting a new negative close below the 61.8% Fibonacci retracement level, positioned at 98.85. We note that it touched, in yesterday’s trading, the additional negative target, positioned at 98.40.

Currently, by presenting the main indicators of negative momentum, this will increase the effectiveness of the bearish scenario. We expect the price to renew negative pressures at the 98.40 level, and by exceeding it, losses will extend towards 98.15, which in turn constitutes the next target.

For negative trades.

In recent trading, the pair's price formed several bullish corrective waves, taking advantage of its position above the 0.8533 level, which in turn constitutes new additional support. We note that it recorded some gains by touching the 0.8585 level.

The index price continued to form bearish corrective trades during the recent period. We note that yesterday it touched the stable corrective target at 25920.00, which in turn currently forms new additional support to increase the chances of it being liberated from...

Negative pressures and the beginning of the formation of new ascending waves.

The index price was forced to offer new corrective trades due to its lack of positive momentum. We noticed that it sneaked in yesterday below the additional support centered at 29420.00, forcing it to incur some losses by sneaking towards 29135.00.