DXY Technical Analysis: Increasing odds for a test of peaks above 96.00
|- DXY is gathering further traction at the end of the week and is now trading at either side of the 96.00 milestone, or fresh weekly peaks.
- Immediate target remains the lower 96.00s, where align tops seen earlier in the month. Reinforcing this resistance area lies a Fibo retracement of the 2017-2018 drop at 96.04
- The greenback is also eroding the short-term resistance line, today at 95.99, and a breakout of this area on a convincing fashion is needed to allow for extra gains and a potential visit to YTD highs in the 97.00 neighbourhood.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 95.95
Daily change: -3.0 pips
Daily change: -0.0313%
Daily Open: 95.98
Trends:
Daily SMA20: 95.22
Daily SMA50: 95.24
Daily SMA100: 94.91
Daily SMA200: 92.83
Levels:
Daily High: 96
Daily Low: 95.48
Weekly High: 96.16
Weekly Low: 94.95
Monthly High: 95.74
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.8
Daily Fibonacci 61.8%: 95.68
Daily Pivot Point S1: 95.64
Daily Pivot Point S2: 95.3
Daily Pivot Point S3: 95.12
Daily Pivot Point R1: 96.16
Daily Pivot Point R2: 96.34
Daily Pivot Point R3: 96.68
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.