Home US Dollar Index Technical Analysis: Triangle compression pattern near 97.00 figure
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US Dollar Index Technical Analysis: Triangle compression pattern near 97.00 figure

DXY daily chart  

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
  • The market created an inside bar this Monday suggesting market indecision. DXY is also forming a triangle compression pattern which will need resolution.  
  • The path of least resistance is to the upside but a bearish surprise in the coming days shouldn’t be ruled out either.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.96
       Today Daily change:  -23  pips
       Today Daily change %:  -0.237%
       Today Daily Open:  97.19
Trends:
       Previous Daily SMA20:  96.81
       Previous Daily SMA50:  96.14
       Previous Daily SMA100:  95.61
       Previous Daily SMA200:  93.9
Levels:
       Previous Daily High:  97.31
       Previous Daily Low:  96.71
       Previous Weekly High:  97.54
       Previous Weekly Low:  96.62
       Previous Monthly High:  97.7
       Previous Monthly Low:  95.68
       Previous Daily Fibonacci 38.2%:  97.08
       Previous Daily Fibonacci 61.8%:  96.94
       Previous Daily Pivot Point S1:  96.83
       Previous Daily Pivot Point S2:  96.47
       Previous Daily Pivot Point S3:  96.23
       Previous Daily Pivot Point R1:  97.43
       Previous Daily Pivot Point R2:  97.67
       Previous Daily Pivot Point R3:  98.03

 

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