US Dollar Index Price Analysis: A breach of 94.00 could expose 93.70


  • DXY extends the decline and challenges the 94.00 mark.
  • Next on the downside emerges 93.66 (September 9 top).

The bearish note in the greenback picks up pace in the first half of the week and forces DXY to put the 94.00 mark to the test.

A clear breakdown of the 94.00 neighbourhood could pave the way for a move to the September 9 peak near 93.70 ahead of the 55-day SMA, today at 93.55.

While below the 200-day SMA, today at 97.07, the outlook on the dollar is forecasted to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 94.08
Today Daily Change 28
Today Daily Change % -0.20
Today daily open 94.27
 
Trends
Daily SMA20 93.36
Daily SMA50 93.35
Daily SMA100 95.49
Daily SMA200 97.09
 
Levels
Previous Daily High 94.64
Previous Daily Low 94.15
Previous Weekly High 94.74
Previous Weekly Low 92.75
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 94.34
Daily Fibonacci 61.8% 94.45
Daily Pivot Point S1 94.07
Daily Pivot Point S2 93.87
Daily Pivot Point S3 93.58
Daily Pivot Point R1 94.55
Daily Pivot Point R2 94.84
Daily Pivot Point R3 95.04

 

 

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