DXY Technical Analysis: The greenback recovers momentum and now targets YTD peaks at 97.20

  • The index is extending the strong recovery to the vicinity of the 97.00 area on Friday, moving further up after bottoming out near 95.70 on Wednesday.
  • The solid up move in the buck once again opened the door for a potential visit to the 97.00 handle and above, where lies the 2018 peak at 97.19 (October 31).
  • Looking at the broader picture, the positive stance bias should remain intact as long as 93.71 underpins (July low).

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Last Price: 96.75
    Daily change: 9.0 pips
    Daily change: 0.0931%
    Daily Open: 96.66
Trends:
    Daily SMA20: 96.16
    Daily SMA50: 95.48
    Daily SMA100: 95.24
    Daily SMA200: 93.32
Levels:
    Daily High: 96.74
    Daily Low: 96.07
    Weekly High: 97.2
    Weekly Low: 95.99
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 96.48
    Daily Fibonacci 61.8%: 96.33
    Daily Pivot Point S1: 96.24
    Daily Pivot Point S2: 95.82
    Daily Pivot Point S3: 95.57
    Daily Pivot Point R1: 96.91
    Daily Pivot Point R2: 97.16
    Daily Pivot Point R3: 97.58

 

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