US Dollar Index Price Analysis: DXY unstoppable ahead of FOMC, trading near 45-month highs


  • DXY is trading at levels not seen since May 2017. 
  • The level to beat for buyers is the 99.20 resistance.
  • The FOMC Minutes will be released at 19.00 GMT. 
 

DXY daily chart

 
The US dollar index (DXY) is challenging the 2019 highs at 99.67 while trading on an intraday basis as high as 99.71 this Wednesday ahead of the FOMC Minutes. This is the highest level since May 2017. 
 

DXY four-hour chart

 
The bullish pressure remains unabated as DXY is trading near 45-month highs. After the break of 99.67 (2019 high) the bulls are looking to extend gains towards the 100.00 figure and the 100.20 level. Support is seen near 99.40 and 99.00 figure
  

Additional key levels

Dollar Index Spot

Overview
Today last price 99.67
Today Daily Change 0.21
Today Daily Change % 0.21
Today daily open 99.46
 
Trends
Daily SMA20 98.35
Daily SMA50 97.69
Daily SMA100 97.86
Daily SMA200 97.8
 
Levels
Previous Daily High 99.47
Previous Daily Low 99.14
Previous Weekly High 99.16
Previous Weekly Low 98.6
Previous Monthly High 98.19
Previous Monthly Low 96.42
Daily Fibonacci 38.2% 99.34
Daily Fibonacci 61.8% 99.27
Daily Pivot Point S1 99.24
Daily Pivot Point S2 99.03
Daily Pivot Point S3 98.91
Daily Pivot Point R1 99.57
Daily Pivot Point R2 99.69
Daily Pivot Point R3 99.9

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.

EUR/USD News

GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 

GBP/USD News

XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

After yesterday's JMMC meeting WTI settles near $40 per barrel

WTI has been through a rollercoaster this week. The liquid gold has been in a downtrend leading into the OPEC+ JMMC meeting and then reversed the whole move. At the meeting the group agreed to extend the compensation period for overproduction till the end of December. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures