Home US Dollar Index Technical Analysis: DXY bulls push the market above the 96.50 level
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US Dollar Index Technical Analysis: DXY bulls push the market above the 96.50 level

DXY daily chart

  • The US Dollar Index (DXY) is in a bull trend above 200-day simple moving average (SMA).
  • Bears have momentarily retaken the 50 SMA as the bulls pushed the market above the 96.50 resistance.  

DXY 4-hour chart

  • The market broke above the main SMAs suggesting bullish momentum in the medium-term.
  • DXY bulls are very close to the 2019 high.

DXY 30-minute chart

  • If bears bring the market below the 96.50 level, the market should decline towards 96.00.
  • When 96.00 figure gets broken to the downside, the market should continue its fall towards 95.70 bear target.  
  • Resistance to the upside is seen at the 95.70 level.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.56
       Today Daily change:  43  pips
       Today Daily change %:  0.45%
       Today Daily Open:  96.13
Trends:
       Daily SMA20:  96.11
       Daily SMA50:  96.6
       Daily SMA100:  96.1
       Daily SMA200:  95.12
Levels:
       Previous Daily High:  96.38
       Previous Daily Low:  96.05
       Previous Weekly High:  96.4
       Previous Weekly Low:  95.47
       Previous Monthly High:  97.71
       Previous Monthly Low:  96.06
       Daily Fibonacci 38.2%:  96.18
       Daily Fibonacci 61.8%:  96.25
       Daily Pivot Point S1:  95.99
       Daily Pivot Point S2:  95.86
       Daily Pivot Point S3:  95.66
       Daily Pivot Point R1:  96.32
       Daily Pivot Point R2:  96.52
       Daily Pivot Point R3:  96.65

 

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