Home US Dollar Index Technical Analysis: Bullish move now targets the 98.00 area
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US Dollar Index Technical Analysis: Bullish move now targets the 98.00 area

  • The buying pressure around the greenback remains well and sound, although the index is partially fading yesterday’s advance to fresh 2019 highs in the 97.70/75 band.
  • Further gains in DXY now targets the 98.00 neighbourhood, monthly highs seen in June 2017.
  • The constructive stance in the buck should stay unchanged while above the critical 200-day SMA at 95.72.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  97.46
       Today Daily change:  24  pips
       Today Daily change %:  -0.15%
       Today Daily Open:  97.61
Trends:
       Daily SMA20:  96.69
       Daily SMA50:  96.29
       Daily SMA100:  96.53
       Daily SMA200:  95.71
Levels:
       Previous Daily High:  97.71
       Previous Daily Low:  96.81
       Previous Weekly High:  96.61
       Previous Weekly Low:  95.82
       Previous Monthly High:  97.37
       Previous Monthly Low:  95.4
       Daily Fibonacci 38.2%:  97.37
       Daily Fibonacci 61.8%:  97.15
       Daily Pivot Point S1:  97.04
       Daily Pivot Point S2:  96.48
       Daily Pivot Point S3:  96.14
       Daily Pivot Point R1:  97.94
       Daily Pivot Point R2:  98.28
       Daily Pivot Point R3:  98.84

 

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