The US Dollar Index (DXY) main bull trend is transitioning into a neutral one as DXY is coiling around 95.00 since late May. DXY broke above 94.43-60 zone (August 28 swing low, 100-day SMA) and reached the 50-day simple moving average (DMA) near 95.00 figure. The RSI, MACD and Stochastics are picking up some steam suggesting bullish momentum. Targets to the upside are seen near 95.52 (August 6 high) and 95.65 (July 19 high). A bear breakout below 93.71 (July 9 swing low) would invalidate the bullish bias. DXY daily chart Spot rate: 94.99 Relative change: 0.81% High: 94.21 Low: 95.00 Trend: Bullish Resistance 1: 94.43-60 zone, August 28 swing low, 100-day SMA Resistance 2: 94.91 July 27 high Resistance 3: 95.00 figure Resistance 4: 95.24 July 13 high Resistance 5: 95.52 August 6 highResistance 6: 95.65 July 19 high Support 2: 93.71 July 9 swing low Support 3: 93.17 June 14 swing low Support 4: 92.24 May 14 swing low 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 NZD/USD: options strikes an anchor point to 0.6600 50% fibo target; watch China Caixin manufacturing to seal bird’s fate FX Street 4 years The US Dollar Index (DXY) main bull trend is transitioning into a neutral one as DXY is coiling around 95.00 since late May. DXY broke above 94.43-60 zone (August 28 swing low, 100-day SMA) and reached the 50-day simple moving average (DMA) near 95.00 figure. The RSI, MACD and Stochastics are picking up some steam suggesting bullish momentum. Targets to the upside are seen near 95.52 (August 6 high) and 95.65 (July 19 high). A bear breakout below 93.71 (July 9 swing low) would invalidate the bullish bias. DXY daily chart Spot rate: … 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.
