US Dollar Index (DXY) remains positive after Thursday’s Doji candle on D1 chart. A rising trend-line since June 25, 50-DMA limit declines while 23.6% Fibonacci retracement acts as immediate resistance. Having flashed a Doji candle on the daily chart, DXY takes the bids to 98.43 during early Friday. A trend reversal formation indicates further recovery of losses made due to the previous pullback from 99.38. However, 23.6% Fibonacci retracement level of June-September upside, at 98.54, can act as immediate resistance. If bulls manage to dominate past-99.38, 100.00 round-figure will appear on their radar. On the flip slide, the 10-week-old rising trend-line, at 98.00, followed by 50-day simple moving average (DMA) level of 97.77 can keep the declines limited ahead of highlighting 50% and 61.8% Fibonacci retracement levels at 97.61 and 97.19 respectively. DXY daily 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 AUD/USD technical analysis: Lacks directional bias after three-day winning streak FX Street 4 years US Dollar Index (DXY) remains positive after Thursday's Doji candle on D1 chart. A rising trend-line since June 25, 50-DMA limit declines while 23.6% Fibonacci retracement acts as immediate resistance. Having flashed a Doji candle on the daily chart, DXY takes the bids to 98.43 during early Friday. A trend reversal formation indicates further recovery of losses made due to the previous pullback from 99.38. However, 23.6% Fibonacci retracement level of June-September upside, at 98.54, can act as immediate resistance. If bulls manage to dominate past-99.38, 100.00 round-figure will appear on their radar. On the flip slide, the 10-week-old rising… 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.
