The US Dollar Index is in a bull trend above the 50, 100 and 200-period simple moving averages (SMA). However, the SMAs are flattening which is a sign of weakness for bulls. DXY broke below the 95.65 key level. The Stochastic indicator is in overbought condition while the RSI is weakening. In the absence of a quick bullish intervention to drive the market above 96.00 figure, the US Dollar Index is poised to continue to decline towards 95.00 and 93.00 figure. DXY daily chart Spot rate: 95.53 Relative change: -0.07% High: 95.80 Low: 95.38 Trend: Bullish above 96.00 Resistance 1: 95.65 July 19 high (key level) Resistance 2: 96.41 August 20 highResistance 3: 97.00 current 2018 high Support 1: 95.52 August 6 high Support 2: 95.24 July 13 high Support 3: 95.00 figure Support 4: 94.91 July 27 high Support 5: 93.00 figure 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 Ethereum Technical Analysis: ETH/USD moving within an ascending channel, vulnerabilities remain to the downside FX Street 4 years The US Dollar Index is in a bull trend above the 50, 100 and 200-period simple moving averages (SMA). However, the SMAs are flattening which is a sign of weakness for bulls. DXY broke below the 95.65 key level. The Stochastic indicator is in overbought condition while the RSI is weakening. In the absence of a quick bullish intervention to drive the market above 96.00 figure, the US Dollar Index is poised to continue to decline towards 95.00 and 93.00 figure. DXY daily chart Spot rate: 95.53 Relative change: … 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.
