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US Dollar Index (DXY) daily chart

  • DXY is trading in a bull trend above the 50, 100 and 200-day simple moving averages (SMAs).
  • DXY broke above the 97.00 figure as bulls are targeting the 2018 high.  
  • The RSI, MACD and Stochastic indicators are bullishly configured.  

DXY 4-hour chart

  • DXY is a the top of a bullish channel while the market formed a rising wedge. While a spike to 97.70 (2018 high) can still potentially be on the cards, the current market structure suggests a bullish exhaustion in the coming sessions.
  • The RSI and MACD are bullishly configured while the Stochastic indicator is in the overbought zone.  
  • A failure below the 2018 high would likely see a retest of the 97.00 figure.  

DXY 30-minute chart

  • The lower time-frames are still quite bullish with DXY above the 50, 100 and 200 SMAs.  

Additional key levels  

Dollar Index Spot

Overview:
       Today Last Price:  97.36
       Today Daily change:  28  pips
       Today Daily change %:  0.288%
       Today Daily Open:  97.08
Trends:
       Previous Daily SMA20:  96.75
       Previous Daily SMA50:  95.92
       Previous Daily SMA100:  95.52
       Previous Daily SMA200:  93.76
Levels:
       Previous Daily High:  97.1
       Previous Daily Low:  96.66
       Previous Weekly High:  96.98
       Previous Weekly Low:  96.04
       Previous Monthly High:  97.2
       Previous Monthly Low:  94.79
       Previous Daily Fibonacci 38.2%:  96.93
       Previous Daily Fibonacci 61.8%:  96.83
       Previous Daily Pivot Point S1:  96.79
       Previous Daily Pivot Point S2:  96.51
       Previous Daily Pivot Point S3:  96.35
       Previous Daily Pivot Point R1:  97.23
       Previous Daily Pivot Point R2:  97.39
       Previous Daily Pivot Point R3:  97.67