DXY keeps bleeding into Friday as the risk-on mood is hurting the Greenback. Next week the market will likely try to break below the 98.00 handle. DXY daily chart The US Dollar Index (DXY) is in a bull trend above the main 100 and 200-day simple moving averages (DSMAs). However, DXY closes this Friday below the 50 SMA. The last time this happened, it was in July this year. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. A break below 98.20 can open the doors to more losses towards the 98.00 handle. A break below this level can lead to 97.60. DXY 30-minute chart DXY is trading below its main SMAs, suggesting a bearish momentum in the near term. Resistances are seen at the 98.63 and 98.85 price levels. 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 Forex News Today: Daily Trading News share Read Next BCH/USD technical analysis: Trend structure still looks bearish FX Street 4 years DXY keeps bleeding into Friday as the risk-on mood is hurting the Greenback. Next week the market will likely try to break below the 98.00 handle. DXY daily chart The US Dollar Index (DXY) is in a bull trend above the main 100 and 200-day simple moving averages (DSMAs). However, DXY closes this Friday below the 50 SMA. The last time this happened, it was in July this year. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. A break below 98.20 can open the doors… 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.
