US Dollar Index Price Analysis: Potential short-term top near 93.70


  • DXY adds to Thursday’s losses below the key 93.00 support.
  • Immediately to the downside aligns the weekly low at 92.70.

The index has come under further downside pressure after being rejected once again from the 93.60/70 band on Thursday.

Further decline thus remains likely with the next target at the weekly lows at 92.70. A move further south of this level should put the 2020 low near 91.70 back on the investors’ radar.

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.18.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.88
Today Daily Change 19
Today Daily Change % -0.03
Today daily open 92.91
 
Trends
Daily SMA20 92.95
Daily SMA50 93.66
Daily SMA100 95.89
Daily SMA200 97.21
 
Levels
Previous Daily High 93.61
Previous Daily Low 92.87
Previous Weekly High 93.66
Previous Weekly Low 92.7
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 93.15
Daily Fibonacci 61.8% 93.33
Daily Pivot Point S1 92.65
Daily Pivot Point S2 92.39
Daily Pivot Point S3 91.91
Daily Pivot Point R1 93.39
Daily Pivot Point R2 93.87
Daily Pivot Point R3 94.13

 

 

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 edges above 1.18 amid mixed US data, slim stimulus hopes

EUR/USD is trading above 1.30 after US Durable Goods Orders beat expectations but Consumer Confidence missed estimates. Hopes for a US stimulus deal are slim with a week left until the elections.

EUR/USD News

GBP/USD stabilizes above 1.30 amid Brexit and covid uncertainty

GBP/USD is hovering above the round 1.30 levels as rising UK COVID-19 cases, uncertainty about Brexit, and PM Johnson's political problems weigh on sterling. US data has been mixed.

GBP/USD News

XAU/USD pares early gains, turns flat near $1,900

For the third straight trading day on Tuesday, the XAU/USD pair is moving sideways above $1,900 as participants wait for the next significant catalyst. After climbing to a daily high of $1,910 earlier in the day, the pair lost its traction and was last seen trading virtually unchanged on the day at $1,902.

Gold News

Bitcoin breaks new yearly highs; the road to $15,000 is clear

Bitcoin breaks new yearly highs and hits $13,464. The road to $15,000 is clear as there are no major resistance levels above the current price.

Read more

WTI trims losses and moves near $39.00/bbl ahead of API

Following two consecutive daily pullbacks, prices of the West Texas Intermediate regain some buying interest and reach the $39.00 mark per barrel on turnaround Tuesday.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures