US Dollar Index Price Analysis: DXY records its largest weekly decline since 1986

US dollar index (DXY) broke below the 99.00 figure and the 100/200 SMA on the four-hour chart.
The level to beat for bears is the 98.00 support.

Flavio Tosti Independent Analyst

DXY weekly chart chart

DXY had its worst weekly decline since April 1986 as the bearish pressure has been relentless throughout the week.

DXY daily chart

The greenback is nearing its daily 100 and 200 SMAs near the 98.00 figure. It is likely that next week DXY will challenge the above-mentioned level.

DXY four-hour chart

After an attempted bounce near the 99.00 figure near the 100/200 SMAs on the four chart, DXY broke below and reached a low of 98.25 this Friday. As the bears are in control, DXY is set to extend losses towards the 98.00, 97.00 and 96.60 levels in the medium term.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.35
Today Daily Change	-1.07
Today Daily Change %	-1.08
Today daily open	99.42

Trends
Daily SMA20	98.75
Daily SMA50	98.59
Daily SMA100	98.08
Daily SMA200	97.99

Levels
Previous Daily High	101.02
Previous Daily Low	99.24
Previous Weekly High	103
Previous Weekly Low	97.45
Previous Monthly High	99.91
Previous Monthly Low	97.44
Daily Fibonacci 38.2%	99.92
Daily Fibonacci 61.8%	100.34
Daily Pivot Point S1	98.77
Daily Pivot Point S2	98.11
Daily Pivot Point S3	96.99
Daily Pivot Point R1	100.55
Daily Pivot Point R2	101.67
Daily Pivot Point R3	102.33

Author

Flavio Tosti

Independent Analyst

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