DXY Technical Analysis: Correction lower met support in the 95.00 neighbourhood

  • DXY keeps correcting lower after failing to advance further north of recent tops beyond the 96.00 milestone earlier in the week.
  • The 21-day SMA at 94.95 held the selling impetus so far. This area of support appears reinforced by the 100-day SMA at 94.86
  • The continuation of the downside could see the 38.2% Fibo retracement of the 2017-2018 drop at 94.20 tested.
  • In the meantime, the index should keep the constructive bias unchanged above 93.71, July’s low.

DXY daily chart











Dollar Index Spot

    Last Price: 95.28
    Daily change: -24 pips
    Daily change: -0.251%
    Daily Open: 95.52
    Daily SMA20: 94.97
    Daily SMA50: 95.24
    Daily SMA100: 94.85
    Daily SMA200: 92.74
    Daily High: 95.79
    Daily Low: 95.37
    Weekly High: 96.13
    Weekly Low: 95
    Monthly High: 96.13
    Monthly Low: 93.81
    Daily Fibonacci 38.2%: 95.53
    Daily Fibonacci 61.8%: 95.63
    Daily Pivot Point S1: 95.33
    Daily Pivot Point S2: 95.14
    Daily Pivot Point S3: 94.91
    Daily Pivot Point R1: 95.75
    Daily Pivot Point R2: 95.98
    Daily Pivot Point R3: 96.17


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