US Dollar Index Technical Analysis: DXY lifted to 96.66 thanks to FOMC

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  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average. 
  • Greenback bulls came back this Thursday boosted by the FOMC statement. Bulls next objective is to reach 97.20 current 2018 high. The RSI and Stochastic are above the 50 line suggesting potential continuation up. 
  • However, if bears break below 96.00 it can be a warning signal for bulls. 

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 former 2018 high
Resistance 2:         97.20 August 15 high
Resistance 3:         97.87 June 20, 2017
Resistance 4:         98.00 figure

Support 1:               96.41 August 20 high
Support 2:               96.00 figure
Support 3:               95.65 multi-month resistance (key level)
Support 4:               95.52 August 6 high
Support 5:               95.24 July 13 high

Additional key levels at a glance:

Dollar Index Spot

Overview:
    Last Price: 96.66
    Daily change: 46 pips
    Daily change: 0.478%
    Daily Open: 96.2
Trends:
    Daily SMA20: 96.08
    Daily SMA50: 95.44
    Daily SMA100: 95.22
    Daily SMA200: 93.28
Levels:
    Daily High: 96.47
    Daily Low: 95.68
    Weekly High: 97.2
    Weekly Low: 95.99
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 95.98
    Daily Fibonacci 61.8%: 96.17
    Daily Pivot Point S1: 95.76
    Daily Pivot Point S2: 95.33
    Daily Pivot Point S3: 94.97
    Daily Pivot Point R1: 96.55
    Daily Pivot Point R2: 96.91
    Daily Pivot Point R3: 97.34

 

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