DXY Technical Analysis: The greenback recovers momentum and now targets YTD peaks at 97.20
|- The index is extending the strong recovery to the vicinity of the 97.00 area on Friday, moving further up after bottoming out near 95.70 on Wednesday.
- The solid up move in the buck once again opened the door for a potential visit to the 97.00 handle and above, where lies the 2018 peak at 97.19 (October 31).
- Looking at the broader picture, the positive stance bias should remain intact as long as 93.71 underpins (July low).
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 96.75
Daily change: 9.0 pips
Daily change: 0.0931%
Daily Open: 96.66
Trends:
Daily SMA20: 96.16
Daily SMA50: 95.48
Daily SMA100: 95.24
Daily SMA200: 93.32
Levels:
Daily High: 96.74
Daily Low: 96.07
Weekly High: 97.2
Weekly Low: 95.99
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.48
Daily Fibonacci 61.8%: 96.33
Daily Pivot Point S1: 96.24
Daily Pivot Point S2: 95.82
Daily Pivot Point S3: 95.57
Daily Pivot Point R1: 96.91
Daily Pivot Point R2: 97.16
Daily Pivot Point R3: 97.58
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.