DXY remains positive near intraday high amid risk-off mood. Bullish MACD, strong RSI favor buyers, monthly support line, 200-bar SMA limits short-term downside. With the Gamestop-led trading restrictions joining China tensions, the US dollar index (DXY) stays positive, currently up 0.22% at 90.74, during early Friday. The greenback gauge versus the major currencies failed to decline below 90.40 the previous day and the bounce gained support from bullish MACD and strong RSI, in addition to the risk catalysts, to remain strong above the 90.00 threshold. The bulls are currently targeting a downward sloping trend line from December 11, at 90.92 now, while any further upside will have to cross the monthly top of 90.98 to reach the 91.00 round-figure. Alternatively, an ascending trend line from January 06, currently around 90.28, joins a 200-bar SMA level of 90.24 to challenge the bears. If at all, the DXY drops below 90.24, the 90.00 threshold and the monthly low near 89.20 should return to the charts. DXY four-hour chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD bounces off intraday low to regain 1.3700, focus on vaccine jitteres, Gamestop and China FX Street 1 year DXY remains positive near intraday high amid risk-off mood. Bullish MACD, strong RSI favor buyers, monthly support line, 200-bar SMA limits short-term downside. With the Gamestop-led trading restrictions joining China tensions, the US dollar index (DXY) stays positive, currently up 0.22% at 90.74, during early Friday. The greenback gauge versus the major currencies failed to decline below 90.40 the previous day and the bounce gained support from bullish MACD and strong RSI, in addition to the risk catalysts, to remain strong above the 90.00 threshold. The bulls are currently targeting a downward sloping trend line from December 11, at 90.92… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
