US Dollar Index Technical Analysis: DXY ending the week near 96.50 level

0

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

  • The head-and-shoulders pattern suggests continued weakness ahead with 95.40 as main support. 
  • Resistances are at 96.70 and 97.10 level.

DXY 30-minute chart

  • DXY is trading below the main SMAs suggesting a bearish market in the short-term.
  • Bears should try to break below 96.40 to get to 96.10, 95.90 and 95.40 to the downside.
  • To the upside, resistances are at 96.70 and 96.90 level.

Additional key levels:

Dollar Index Spot

Overview:
    Today Last Price: 96.55
    Today Daily change: -6 pips
    Today Daily change %: -0.06%
    Today Daily Open: 96.61
Trends:
    Daily SMA20: 96.34
    Daily SMA50: 96.36
    Daily SMA100: 96.41
    Daily SMA200: 95.58
Levels:
    Previous Daily High: 96.67
    Previous Daily Low: 96.36
    Previous Weekly High: 97.37
    Previous Weekly Low: 96.62
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.55
    Daily Fibonacci 61.8%: 96.48
    Daily Pivot Point S1: 96.42
    Daily Pivot Point S2: 96.24
    Daily Pivot Point S3: 96.11
    Daily Pivot Point R1: 96.73
    Daily Pivot Point R2: 96.86
    Daily Pivot Point R3: 97.04

 

Get the 5 most predictable currency pairs

About Author