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

EUR/USD keeps the bid bias just over 1.1800

EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.