US Dollar Index Price Analysis: Door open for a visit to 100.00


  • DXY continues to correct lower after failing just below 103.00.
  • The continuation of the leg lower could extend to the 100.00 mark.

DXY remains on the defensive and keeps fading the move to the boundaries of the 103.00 mark, or 3-year highs, recorded earlier in the week.

The index is already flirting with the Fibo retracement (of the 2017-2018 drop) in the mid-100.00s and further decline is expected to test the psychological triple-mark support.

Despite the corrective downside and looking at the broader picture, the positive outlook in the buck remains unchanged as long as the 200-day SMA, today’s at just below 98.00, underpins.

DXY daily chart

Dollar Index Spot

Overview
Today last price 100.39
Today Daily Change 68
Today Daily Change % -0.55
Today daily open 100.95
 
Trends
Daily SMA20 98.7
Daily SMA50 98.55
Daily SMA100 98.07
Daily SMA200 97.98
 
Levels
Previous Daily High 101.91
Previous Daily Low 100.84
Previous Weekly High 103
Previous Weekly Low 97.45
Previous Monthly High 99.91
Previous Monthly Low 97.44
Daily Fibonacci 38.2% 101.25
Daily Fibonacci 61.8% 101.5
Daily Pivot Point S1 100.56
Daily Pivot Point S2 100.16
Daily Pivot Point S3 99.49
Daily Pivot Point R1 101.63
Daily Pivot Point R2 102.3
Daily Pivot Point R3 102.7

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.

EUR/USD News

GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.

GBP/USD News

XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures