US Dollar Index Price Analysis: DXY off December lows and (almost) out of the woods


  • DXY is showing signs of bullish interest, but bulls need to overcome the 97.25/55 resistances.
  • The level to beat for bulls is the 97.25 resistance.
 

DXY daily chart

 
DXY (US Dollar Index) is hovering below the 200-day simple moving average (DMA) while holding above the 97.00 handle for the third consecutive day. 
 

DXY four-hour chart

 
DXY bulls are pressuring the 97.25 resistance as they want to resume the main bull trend. If the market break above the 97.25 level and the 50 SMA, the next resistance is seen at 97.55 and 97.85 level near the 200 SMA. Conversely, a daily close below 96.70 could be seen as a bearish confirmation for further declines towards 96.50 and 96.25.
   

Additional key level

Dollar Index Spot

Overview
Today last price 97.2
Today Daily Change 0.15
Today Daily Change % 0.15
Today daily open 97.05
 
Trends
Daily SMA20 97.78
Daily SMA50 97.89
Daily SMA100 98.14
Daily SMA200 97.68
 
Levels
Previous Daily High 97.14
Previous Daily Low 96.93
Previous Weekly High 97.72
Previous Weekly Low 96.72
Previous Monthly High 98.54
Previous Monthly Low 97.16
Daily Fibonacci 38.2% 97.01
Daily Fibonacci 61.8% 97.06
Daily Pivot Point S1 96.94
Daily Pivot Point S2 96.83
Daily Pivot Point S3 96.73
Daily Pivot Point R1 97.15
Daily Pivot Point R2 97.25
Daily Pivot Point R3 97.36

 

 

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