Search ForexCrunch
  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  
  • DXY erases early daily losses stemming from the reaction to the US mid-term elections. Bulls found support at 95.65 (multi-month resistance) and their objective is to drive the market back up to 97.00.
  • However, it remains to be seen how high the market can go as the RSI, MACD and Stochastic indicators are turning bearish.    

DXY daily chart

Trend:                     Bullish

Resistance 1:         96.41 August 20 high
Resistance 2:         97.00 former 2018 high
Resistance 3:         97.20 current 2018 high
Resistance 4:         97.87 June 20, 2017
Resistance 5:         98.00 figure

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

Additional key levels at a glance:

Dollar Index Spot

Overview:
       Last Price:  96.2
       Daily change:  -3.0  pips
       Daily change:  -0.0312%
       Daily Open:  96.23
Trends:
       Daily SMA20:  96.04
       Daily SMA50:  95.41
       Daily SMA100:  95.21
       Daily SMA200:  93.24
Levels:
       Daily High:  96.45
       Daily Low:  96.14
       Weekly High:  97.2
       Weekly Low:  95.99
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.26
       Daily Fibonacci 61.8%:  96.33
       Daily Pivot Point S1:  96.1
       Daily Pivot Point S2:  95.96
       Daily Pivot Point S3:  95.79
       Daily Pivot Point R1:  96.41
       Daily Pivot Point R2:  96.58
       Daily Pivot Point R3:  96.72