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

GBP/USD hits three-month highs amid Brexit hopes

GBP/USD is rising toward 1.3450, the highest since September, shrugging off Brexit concerns. France may reportedly veto a deal if it sees too many compromises from the EU. The final US Services PMI, vaccine developments and US data are all awaited. 

GBP/USD News

EUR/USD resumes advance, reaches fresh highs

The EUR/USD pair is firmly advancing beyond 1.2100, trading at levels that were last seen in April 2018. The dollar is under pressure amid hopes for US fiscal stimulus and an upcoming vaccine. Investors are shrugging off Germany's extended restrictions.

EUR/USD News

XAU/USD clings to gains near $1840 area, over one-week tops

Gold maintained its bid tone through the mid-European session and was last seen trading near the top end of its daily range, or over one-week highs around the $1840 region.

Gold news

Crypto market relentlessly fighting for new yearly highs

Bitcoin is leading the recovery in the cryptocurrency market after reclaiming the position above $19,000. Ethereum has managed to bring down the critical hurdle at $600 while Ripple is holding slightly above $0.62.

Read more

Extra week of Black Friday!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures