Home DXY Technical Analysis: Further downside should meet the 55-day SMA at 95.40
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DXY Technical Analysis: Further downside should meet the 55-day SMA at 95.40

  • The greenback accelerated the weekly leg lower following the results from the US mid-term elections and is now testing multi-day lows in the 95.85/80 band.
  • DXY broke below the critical support at 96.00 the figure and in doing so has opened the door for a potential drop and test of the 95.40 region, where coincide the 55-day SMA and the top of the daily cloud.
  • However, the constructive bias should remain unchanged while above the 93.71 level, July’s low.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.8
       Daily change:  -43  pips
       Daily change:  -0.447%
       Daily Open:  96.23
Trends:
       Daily SMA20:  96.04
       Daily SMA50:  95.41
       Daily SMA100:  95.21
       Daily SMA200:  93.24
Levels:
       Daily High:  96.45
       Daily Low:  96.14
       Weekly High:  97.2
       Weekly Low:  95.99
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.26
       Daily Fibonacci 61.8%:  96.33
       Daily Pivot Point S1:  96.1
       Daily Pivot Point S2:  95.96
       Daily Pivot Point S3:  95.79
       Daily Pivot Point R1:  96.41
       Daily Pivot Point R2:  96.58
       Daily Pivot Point R3:  96.72

 

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