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US Dollar Index Technical Analysis: DXY bulls back on the forefront staging a breakout to the 2018 high

US Dollar Index (DXY) daily chart

  • DXY is trading in a bull trend above the 50, 100 and 200-day simple moving averages (SMAs).
  • Bulls need a breakout above 97.00 figure. The RSI and Stochastic are above the 50 line while the MACD is slowly picking up.  
  • The path of least resistance is to the upside. Bulls are targeting the 2018 high at 97.70 level.

Additional key levels

Dollar Index Spot

Overview:
       Last Price:  96.97
       Daily change:  47  pips
       Daily change:  0.487%
       Daily Open:  96.5
Trends:
       Daily SMA20:  96.7
       Daily SMA50:  95.83
       Daily SMA100:  95.46
       Daily SMA200:  93.68
Levels:
       Daily High:  96.74
       Daily Low:  96.32
       Weekly High:  97.7
       Weekly Low:  96.4
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.48
       Daily Fibonacci 61.8%:  96.58
       Daily Pivot Point S1:  96.3
       Daily Pivot Point S2:  96.1
       Daily Pivot Point S3:  95.88
       Daily Pivot Point R1:  96.72
       Daily Pivot Point R2:  96.94
       Daily Pivot Point R3:  97.14

 

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