fxs_header_sponsor_anchor

News

US dollar index Asia Price Forecast: DXY loses steam, trades sub-99.00 figure

  • US dollar index (DXY) slides down and breaks the 99.00 level. 
  • The level to beat for sellers is the 98.30 support.
  

 

DXY daily chart

 
DXY is down in 2.5-week lows as the market is retreating. However, it is still holding above the 100/200 SMAs on the daily time-frame but trading below the 50 SMA, suggesting a mixed picture. 
  

DXY four-hour chart

 
DXY broke below the 99.00 level and the 200 SMA on the four-hour chart suggesting a negative bias in the medium term. Bears seem to be back in control and a decline towards the 98.30 price level can be in the offing. Further down lie the 97.50 and 96.70 price levels if the bears gather enough strength. Immediate resistance can emerge near 99.00 followed by the 99.36 level.  
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price 98.88
Today Daily Change -0.62
Today Daily Change % -0.62
Today daily open 99.5
 
Trends
Daily SMA20 100.3
Daily SMA50 99.05
Daily SMA100 98.27
Daily SMA200 98.18
 
Levels
Previous Daily High 99.63
Previous Daily Low 99.14
Previous Weekly High 100.93
Previous Weekly Low 99.36
Previous Monthly High 103
Previous Monthly Low 94.63
Daily Fibonacci 38.2% 99.33
Daily Fibonacci 61.8% 99.44
Daily Pivot Point S1 99.22
Daily Pivot Point S2 98.93
Daily Pivot Point S3 98.73
Daily Pivot Point R1 99.71
Daily Pivot Point R2 99.92
Daily Pivot Point R3 100.2

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.