Home US Dollar Index Technical Analysis: 97.54 target hit as DXY bulls  get near the 2018 high
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US Dollar Index Technical Analysis: 97.54 target hit as DXY bulls  get near the 2018 high

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages.
  • DXY broke to the upside from the triangle pattern suggesting a potential extension to  97.70 (2018 high).  
  • As forecast, DXY hit the 97.54 target.

DXY 4-hour chart

  • DXY is trading in a bull trend above its main SMAs.  

DXY 30-minute chart

  • While the bull target is very close at  97.70 (2018 high) a correction down can see 97.20 and 96.90 as bear targets.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  97.47
       Today Daily change:  26  pips
       Today Daily change %:  0.267%
       Today Daily Open:  97.21
Trends:
       Previous Daily SMA20:  96.88
       Previous Daily SMA50:  96.41
       Previous Daily SMA100:  95.74
       Previous Daily SMA200:  94.1
Levels:
       Previous Daily High:  97.24
       Previous Daily Low:  96.36
       Previous Weekly High:  97.21
       Previous Weekly Low:  96.37
       Previous Monthly High:  97.7
       Previous Monthly Low:  95.68
       Previous Daily Fibonacci 38.2%:  96.9
       Previous Daily Fibonacci 61.8%:  96.7
       Previous Daily Pivot Point S1:  96.63
       Previous Daily Pivot Point S2:  96.06
       Previous Daily Pivot Point S3:  95.75
       Previous Daily Pivot Point R1:  97.51
       Previous Daily Pivot Point R2:  97.82
       Previous Daily Pivot Point R3:  98.39

 

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