Home US Dollar Index Technical Analysis: A visit to 2018 highs around 97.70 remains well on the cards
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US Dollar Index Technical Analysis: A visit to 2018 highs around 97.70 remains well on the cards

  • The index is partially reverting yesterday’s pullback, managing well to keep the trade above the 97.00 handle for the time being.
  • Further upside and a probable test of 2018 highs in the 97.70 region remains a solid chance, although some consolidation before extra gains cannot be ruled out.
  • The constructive bias in DXY appears unchanged while above the 95.51/30 band, where converges the key 200-day SMA and the short-term support line.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  97.13
       Today Daily change:  15  pips
       Today Daily change %:  0.11%
       Today Daily Open:  97.02
Trends:
       Daily SMA20:  96.26
       Daily SMA50:  96.4
       Daily SMA100:  96.35
       Daily SMA200:  95.49
Levels:
       Previous Daily High:  97.29
       Previous Daily Low:  96.95
       Previous Weekly High:  96.69
       Previous Weekly Low:  95.58
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  97.08
       Daily Fibonacci 61.8%:  97.16
       Daily Pivot Point S1:  96.88
       Daily Pivot Point S2:  96.75
       Daily Pivot Point S3:  96.54
       Daily Pivot Point R1:  97.22
       Daily Pivot Point R2:  97.43
       Daily Pivot Point R3:  97.56

 

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