US Dollar Index Price Analysis: A move to 91.00 is not ruled out


  • DXY resumes the upside following Tuesday’s negative close.
  • The continuation of the uptrend is expected to meet 91.00.

After bottoming out in fresh lows near 89.20 earlier in the new year, the dollar managed to regain moderate buying attention and extended the move to the vicinity of 90.70 earlier in the week.

If the bullish attempt becomes more sustainable, then there is the chance of a move to the weekly high in the 91.00 region (December 21). Above this level, the prevailing downside pressure is expected to mitigate somewhat.

In the longer run, as long as DXY trades below the 200-day SMA, today at 94.59, the negative view is forecast to prevail.

DXY daily chart

Dollar Index Spot

Overview
Today last price 90.3
Today Daily Change 40
Today Daily Change % 0.29
Today daily open 90.04
 
Trends
Daily SMA20 90.04
Daily SMA50 91.15
Daily SMA100 92.25
Daily SMA200 94.66
 
Levels
Previous Daily High 90.62
Previous Daily Low 90.03
Previous Weekly High 90.25
Previous Weekly Low 89.21
Previous Monthly High 92.02
Previous Monthly Low 89.52
Daily Fibonacci 38.2% 90.25
Daily Fibonacci 61.8% 90.39
Daily Pivot Point S1 89.84
Daily Pivot Point S2 89.64
Daily Pivot Point S3 89.25
Daily Pivot Point R1 90.43
Daily Pivot Point R2 90.82
Daily Pivot Point R3 91.02

 

 

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