US Dollar Index technical analysis: DXY waiting for a catalyst

09/19/2019 20:20:54 GMT|ByFlavio Tosti

The Greenback is trapped in a triangle pattern as the market is waiting for a catalyst.
The level to beat for bulls is the 98.55/98.66 resistance zone.

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). In the last two weeks, the Greenback has been trading in a trading range revolving around the 98.40 level.

DXY four-hour chart

DXY is ranging above the 98.20 support and the 200 SMA. DXY is forming a triangle pattern with a potential breakout in either direction, although the primary bias is to the upside.

DXY 30-minute chart

DXY bulls would need a break above the 98.55/98.68 resistance zone to pull away from the triangle pattern. On the flip side, bears need to overcome the 98.20/98.00 support zone.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.35
Today Daily Change	-0.23
Today Daily Change %	-0.23
Today daily open	98.58

Trends
Daily SMA20	98.4
Daily SMA50	97.99
Daily SMA100	97.63
Daily SMA200	97.16

Levels
Previous Daily High	98.69
Previous Daily Low	98.2
Previous Weekly High	99.11
Previous Weekly Low	97.99
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.5
Daily Fibonacci 61.8%	98.39
Daily Pivot Point S1	98.29
Daily Pivot Point S2	98
Daily Pivot Point S3	97.8
Daily Pivot Point R1	98.78
Daily Pivot Point R2	98.98
Daily Pivot Point R3	99.27

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