- The index remains under pressure at the beginning of the week and is extending the recent offered bias, although moderate contention appeared once again in the 95.00 neighbourhood.
- Adding strength to this support area, the 21-day SMA and the 100-day SMA are located at 94.98 and 94.88, respectively.
- Immediate target on the upside is the 95.40 region, where converge recent lows and the base of the daily cloud, all ahead of the 10-day SMA at 95.49.
- Further up, the greenback should need to regain the now critical 96.00 area, coincident with a Fibo retracement of the 2017-2018 drop, a short-term resistance line and September’s peaks, to allow for extra gains.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 95.05
Daily change: -21 pips
Daily change: -0.220%
Daily Open: 95.26
Trends:
Daily SMA20: 95.01
Daily SMA50: 95.23
Daily SMA100: 94.87
Daily SMA200: 92.77
Levels:
Daily High: 95.37
Daily Low: 94.95
Weekly High: 96.16
Weekly Low: 94.95
Monthly High: 96.16
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.21
Daily Fibonacci 61.8%: 95.11
Daily Pivot Point S1: 95.02
Daily Pivot Point S2: 94.77
Daily Pivot Point S3: 94.6
Daily Pivot Point R1: 95.44
Daily Pivot Point R2: 95.61
Daily Pivot Point R3: 95.86
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