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DXY Technical Analysis: Scope for extra gains near term

  • The index is leaving behind the initial pessimism and is now looking to advance further north of the critical barrier at 96.00 the figure.
  • Extra gains emerge in so far monthly peaks in the lower 96.00s. adding strength to this resistance area is the Fibo retracement of the 2017-2018 drop at 96.04 and the short term resistance line, today at 96.09.
  • Further up, 2018 highs in the 97.00 neighbourhood should return to investors’ radar.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96
       Daily change:  33  pips
       Daily change:  0.345%
       Daily Open:  95.67
Trends:
       Daily SMA20:  95.29
       Daily SMA50:  95.23
       Daily SMA100:  94.93
       Daily SMA200:  92.86
Levels:
       Daily High:  96.09
       Daily Low:  95.54
       Weekly High:  96.09
       Weekly Low:  94.79
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.75
       Daily Fibonacci 61.8%:  95.88
       Daily Pivot Point S1:  95.44
       Daily Pivot Point S2:  95.22
       Daily Pivot Point S3:  94.89
       Daily Pivot Point R1:  95.99
       Daily Pivot Point R2:  96.32
       Daily Pivot Point R3:  96.54

 

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