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Dollar Index Technical Analysis: Bidders hoping for a bounce continuation from 96.00

  • Over the past twenty-four hours, the Dollar Index has failed to generate a meaningful bullish play, and the sideways action sees the DXY prone towards intraday drops into the 96.40 region.

DXY Chart, 5-Minute

  • The last two weeks see the Dollar Index drifting towards the downside, but intermittent bouts of Dollar-bidding is keeping the  DXY chart roughshod through 30-Minute candles.

DXY Chart, 30-Minute

  • In the medium-term, the US Dollar is catching mid flows into successive higher lows, but volatility is on the rise as reversals become a common pattern.

DXY Chart, 4-Hour

Dollar Index Spot

Overview:
       Last Price:  96.64
       Daily change:  -8.0  pips
       Daily change:  -0.0827%
       Daily Open:  96.72
Trends:
       Daily SMA20:  96.7
       Daily SMA50:  95.79
       Daily SMA100:  95.43
       Daily SMA200:  93.64
Levels:
       Daily High:  96.87
       Daily Low:  96.49
       Weekly High:  97.7
       Weekly Low:  96.4
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.64
       Daily Fibonacci 61.8%:  96.72
       Daily Pivot Point S1:  96.52
       Daily Pivot Point S2:  96.31
       Daily Pivot Point S3:  96.14
       Daily Pivot Point R1:  96.9
       Daily Pivot Point R2:  97.07
       Daily Pivot Point R3:  97.28

 

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