US Dollar Index Asia Price Forecast: DXY shoots to 3-year’s high, above 100.00 figure

03/18/2020 21:22:19 GMT|ByFlavio Tosti

DXY surges to highest since February 2017 on de-leveraging.
The level to beat for bulls is the 102.00 figure.

DXY weekly chart

DXY (US dollar index) is trading at its highest since March 2017 as the greenback is benefitting from an exceptional buying wave as massive de-leveraging is triggering a run into the US dollar.

DXY daily chart

Only two weeks back, DXY sold off which was then followed by the best weekly advance since October 2008.

DXY four-hour chart

The bullish trend remains intact as the market is trading above the main SMAs. Bulls will be looking for a break above the 102.00 figure which could introduce scope to the 103.00 and 104.00 handles over the coming days/weeks. Support can be seen near the 100.50, 100.00 and 99.50 levels on the way down.

Additional key levels

Dollar Index Spot

Overview
Today last price	100.92
Today Daily Change	1.35
Today Daily Change %	1.36
Today daily open	99.57

Trends
Daily SMA20	97.96
Daily SMA50	98.01
Daily SMA100	97.81
Daily SMA200	97.84

Levels
Previous Daily High	99.84
Previous Daily Low	97.98
Previous Weekly High	98.81
Previous Weekly Low	94.63
Previous Monthly High	99.91
Previous Monthly Low	97.44
Daily Fibonacci 38.2%	99.13
Daily Fibonacci 61.8%	98.69
Daily Pivot Point S1	98.42
Daily Pivot Point S2	97.27
Daily Pivot Point S3	96.56
Daily Pivot Point R1	100.28
Daily Pivot Point R2	100.99
Daily Pivot Point R3	102.14

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