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  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 AUD/USD coiling beneath 0.7300, but risks are mounting FX Street 3 years 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… Top 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.
