Is USDX on an upswing?
No, since September 12, 2022, USDX has been in a long-term downward trend and has decreased by -12.77 percent over that period. The 200-day line is currently 14.37 percent away from the current price. It is 13.82 percent away from the 100-day line and 12.92 percent away from the 50-day line.
The USDX Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the USDX price over the next year. The most optimistic predicted a 12-month price target of $0.96, implying an 87 percent raise, while the worst-case scenario would be $0.73.
The most recent average price target for the next year is $0.83, and it's the most crucial.
That equates to a potential gain of 1 percent.
USDX - Relative Strength Forecast
USDX - Trend Prediction
USDX - Price Volatility Prediction
USDX - Relative Strength
USDX - Momentum Forecast
What Does the Future Hold for USDX?
USDX's long-term prospects appear to be excellent. 8 analysts predicted that USDX would reach $0.84 by March 2025. The USDX price is expected to be $0.86 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $0.89.