Home US Dollar Index Technical Analysis: DXY bulls still in control as bearish wedge looms
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US Dollar Index Technical Analysis: DXY bulls still in control as bearish wedge looms

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).

DXY 4-hour chart

  • DXY reached the 61.8% Fibonacci retracement suggesting a potential pullback down in the medium-term.

DXY 30-minute chart

  • DXY is in a bearish wedge pattern. However, the bull momentum is still strong and traders might still drive the market to 96.93 resistance before a meaningful move down.
  • To the downside, support is at 96.40, 96.10 and 95.90 level.  

 

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.66
       Today Daily change: 19 ticks
       Today Daily change %:  0.20%
       Today Daily Open:  96.47
Trends:
       Daily SMA20:  96.54
       Daily SMA50:  96.27
       Daily SMA100:  96.46
       Daily SMA200:  95.66
Levels:
       Previous Daily High:  96.55
       Previous Daily Low:  96.07
       Previous Weekly High:  96.61
       Previous Weekly Low:  95.82
       Previous Monthly High:  97.37
       Previous Monthly Low:  95.4
       Daily Fibonacci 38.2%:  96.37
       Daily Fibonacci 61.8%:  96.25
       Daily Pivot Point S1:  96.18
       Daily Pivot Point S2:  95.88
       Daily Pivot Point S3:  95.7
       Daily Pivot Point R1:  96.66
       Daily Pivot Point R2:  96.84
       Daily Pivot Point R3:  97.14

 

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