US Dollar Index Price Analysis: Extra losses remain on the table


  • DXY is adding to Friday’s sell off below the 92.00 yardstick.
  • While USD-bears remain well in control, a deeper pullback stays on the cards.

DXY dropped to levels last seen in April 2018 in the 91.80/75 band, opening the door for the continuation of the downtrend in the short/medium-term horizon.

That said, further losses are likely under the current bearish context, leaving the index ripe for a move further south of recent lows at 91.75. Against this, the next support of note emerges at the April 2018 low at 89.23 ahead of the March 2018 low at 88.94.

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.48.

DXY weekly chart

Dollar Index Spot

Overview
Today last price 91.86
Today Daily Change 44
Today Daily Change % -0.35
Today daily open 92.18
 
Trends
Daily SMA20 93.01
Daily SMA50 94.72
Daily SMA100 96.78
Daily SMA200 97.52
 
Levels
Previous Daily High 92.48
Previous Daily Low 92
Previous Weekly High 93.36
Previous Weekly Low 92.2
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 92.18
Daily Fibonacci 61.8% 92.29
Daily Pivot Point S1 91.96
Daily Pivot Point S2 91.74
Daily Pivot Point S3 91.48
Daily Pivot Point R1 92.43
Daily Pivot Point R2 92.69
Daily Pivot Point R3 92.91

 

 

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