News

US Dollar Index Technical Analysis: A break below the 200-day SMA at 95.29 could prompt a deeper pullback

  • The greenback sold off post-FOMC on Wednesday and is now holding on to the critical 200-day SMA in the 95.30/25 band.
  • This region is reinforced by the proximity of the 61.8% Fibo retracement of the September-December up move at 95.30.
  • A lost of this key area should open the door for a potential retracement to YTD lows in the 95.00 neighbourhood.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 95.28
    Today Daily change: -0.15 pips
    Today Daily change %: -0.16%
    Today Daily Open: 95.43
Trends:
    Daily SMA20: 95.94
    Daily SMA50: 96.51
    Daily SMA100: 96.13
    Daily SMA200: 95.26
Levels:
    Previous Daily High: 95.98
    Previous Daily Low: 95.25
    Previous Weekly High: 96.68
    Previous Weekly Low: 95.75
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 95.53
    Daily Fibonacci 61.8%: 95.7
    Daily Pivot Point S1: 95.13
    Daily Pivot Point S2: 94.82
    Daily Pivot Point S3: 94.4
    Daily Pivot Point R1: 95.86
    Daily Pivot Point R2: 96.28
    Daily Pivot Point R3: 96.59

 

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 © 2024 FOREXSTREET S.L., All rights reserved.