Home US Dollar Index Technical Analysis: More weakness ahead for DXY as Head-and-Shoulders pattern looms
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US Dollar Index Technical Analysis: More weakness ahead for DXY as Head-and-Shoulders pattern looms

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).  

DXY 4-hour chart

  • The market created a head-and-shoulders pattern suggesting further weakness in the Greenback in the medium-term.

DXY30-minute chart

  • DXY is trading below its main SMAs suggesting a bearish bias in the short-term.
  • Bears will be trying to break below 96.40 to reach 96.10, 95.90 and 95.40 to the downside.
  • On the way up, resistances are seen at 96.70 and 96.90 level.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.52
       Today Daily change:  -0.28 ticks
       Today Daily change %:  -0.29%
       Today Daily Open:  96.8
Trends:
       Daily SMA20:  96.31
       Daily SMA50:  96.4
       Daily SMA100:  96.39
       Daily SMA200:  95.53
Levels:
       Previous Daily High:  96.9
       Previous Daily Low:  96.65
       Previous Weekly High:  97.37
       Previous Weekly Low:  96.62
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  96.75
       Daily Fibonacci 61.8%:  96.8
       Daily Pivot Point S1:  96.67
       Daily Pivot Point S2:  96.53
       Daily Pivot Point S3:  96.42
       Daily Pivot Point R1:  96.92
       Daily Pivot Point R2:  97.03
       Daily Pivot Point R3:  97.17

 

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