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US Dollar Index Price Analysis: DXY ends the week on its low tick, sub-100.00 mark

  • US dollar index (DXY) consolidates its advance below the 100.00 mark. 
  • Support should emerge near the 99.50 and 99.00 price levels. 
  • The level to beat for buyers is the 100.00 level. 
 
 

DXY weekly chart

 
The greenback erased parts of the gains made last week as the market trades below the 100.00 mark and stays above its main weekly SMAs suggesting that the bull trend remains intact.
 
 

DXY daily chart

 
DXY is trading in 2.5-week lows as the market pulls back down slightly while still maintaining a bullish momentum above the main daily SMAs. 
  

DXY four-hour chart

 
DXY slipped below the 100 mark and below its 50/100 SMAs on the four-hour chart but still above the 200 SMA suggesting that the uptrend remains intact. The index is finding support near the 99.50 level and if bulls can rebound and regain the 100.00 figure DXY can appreciate further towards the 105.50 and 101.00 levels. Meanwhile, support is seen near the 99.00 and 98.30 levels.
 

Additional key levels

Dollar Index Spot

Overview
Today last price99.46
Today Daily Change-0.08
Today Daily Change %-0.08
Today daily open99.54
 
Trends
Daily SMA20100.18
Daily SMA5098.97
Daily SMA10098.24
Daily SMA20098.15
 
Levels
Previous Daily High100.3
Previous Daily Low99.36
Previous Weekly High100.86
Previous Weekly Low98.31
Previous Monthly High103
Previous Monthly Low94.63
Daily Fibonacci 38.2%99.72
Daily Fibonacci 61.8%99.94
Daily Pivot Point S199.17
Daily Pivot Point S298.79
Daily Pivot Point S398.22
Daily Pivot Point R1100.11
Daily Pivot Point R2100.68
Daily Pivot Point R3101.06

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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