US Dollar Index Technical Analysis: Head-and-Shoulders can send DXY down to 95.40 level

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DXY 4-hour chart

  • The US Dollar Index (DXY) is trading between the 50 and 100 SMA suggesting a sideways market in the medium-term.
  • The head-and-shoulders pattern suggests further weakness ahead with 95.40 as main support. 
  • Resistance is at 96.70 and 97.10 level

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 96.55
    Today Daily change %: 0.03%
    Today Daily Open: 96.52
Trends:
    Daily SMA20: 96.32
    Daily SMA50: 96.39
    Daily SMA100: 96.4
    Daily SMA200: 95.55
Levels:
    Previous Daily High: 97.08
    Previous Daily Low: 96.42
    Previous Weekly High: 97.37
    Previous Weekly Low: 96.62
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.67
    Daily Fibonacci 61.8%: 96.83
    Daily Pivot Point S1: 96.27
    Daily Pivot Point S2: 96.01
    Daily Pivot Point S3: 95.61
    Daily Pivot Point R1: 96.93
    Daily Pivot Point R2: 97.33
    Daily Pivot Point R3: 97.59

 

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