US Dollar Index Price Analysis: DXY on track to record its largest weekly advance since October 2008

DXY is about to end the New York session near its high tick.
Support is seen at the 96.00 and 95.00 figures.

Flavio Tosti Independent Analyst

DXY daily chart

After recording its worst decline in many months DXY (US dollar index) is now on track to register its best weekly gains since October 2008. After one of the worst sessions in history on Thursday, the US stocks are recovering slightly boosting USD across the board.

DXY four-hour chart

DXY is spiking to the upside while nearing the 99.00 figure while trading above the main SMAs suggesting a bullish bias in the medium term. Given the strength, DXY could reach the 99.75/100.00 resistance zone in the coming sessions. Support is seen near the 97.80 and 97.00 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.69
Today Daily Change	1.24
Today Daily Change %	1.27
Today daily open	97.45

Trends
Daily SMA20	98.04
Daily SMA50	97.9
Daily SMA100	97.78
Daily SMA200	97.81

Levels
Previous Daily High	98.33
Previous Daily Low	96.07
Previous Weekly High	98.03
Previous Weekly Low	95.71
Previous Monthly High	99.91
Previous Monthly Low	97.44
Daily Fibonacci 38.2%	97.47
Daily Fibonacci 61.8%	96.93
Daily Pivot Point S1	96.24
Daily Pivot Point S2	95.02
Daily Pivot Point S3	93.98
Daily Pivot Point R1	98.5
Daily Pivot Point R2	99.54
Daily Pivot Point R3	100.76

Author

Flavio Tosti

Independent Analyst

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