DXY is under bearish pressure as the market is challenging the September lows. DXY is approaching the 100-day simple moving average today at 97.84. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). This Wednesday the Greenback declined to the 98.00 handle, trading just above the 100 SMA. On the macroeconomic front, the Retail Sales Control Group in the United States disappointed coming out at 0% vs 0.3% in September, exacerbating the already negative sentiment on the US Dollar. DXY four-hour chart DXY is under bearish pressure below the main SMAs. The market had another leg down to the 98.00 handle and the September lows. If the bears keep the pressure on the market might reach the 97.60 swing low. DXY 30-minute chart DXY is trading below the main SMAs, suggesting a bearish bias in the short term. Resistances are seen at the 98.20 and 98.63 levels. Bulls would need to have a daily close above the 98.63 resistance to alleviate the current bearish pressure. Additional key levels 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 Forex Today: Brexit steals the show, again FX Street 4 years DXY is under bearish pressure as the market is challenging the September lows. DXY is approaching the 100-day simple moving average today at 97.84. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). This Wednesday the Greenback declined to the 98.00 handle, trading just above the 100 SMA. On the macroeconomic front, the Retail Sales Control Group in the United States disappointed coming out at 0% vs 0.3% in September, exacerbating the already negative sentiment on the US Dollar. DXY four-hour… 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.
