DXY starts the week with a gap up but remains under bearish pressure. The level to beat for bulls is the 98.63 resistance. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (DSMAs). This Monday DXY consolidated above the 50 SMA the decline seen last Friday. DXY four-hour chart DXY started the week with a gap up while still trading below its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below the 98.20/98.00 support zone to target the 97.60 price level on the way down. DXY 30-minute chart DXY is consolidating between the 50 and 200 SMAs, suggesting a sideways market in the near term. Bulls would need to have a daily close above the 98.63 resistance to target the 98.85 and 99.00 resistances. 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 Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – American Wrap – 14 October FX Street 4 years DXY starts the week with a gap up but remains under bearish pressure. The level to beat for bulls is the 98.63 resistance. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (DSMAs). This Monday DXY consolidated above the 50 SMA the decline seen last Friday. DXY four-hour chart DXY started the week with a gap up while still trading below its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below the 98.20/98.00 support zone to target… 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.
