US Dollar Index Price Analysis: Rising bets for a move above 91.00


  • DXY adds to the uptrend and trades closer to 91.00.
  • The 2020-2021 resistance line also sits near 91.00.

DXY picks up extra pace and approaches the key hurdle in the 91.00 neighbourhood in the second half of the week.

The 91.00 area emerges as the immediate target of significance. In this area coincides weekly tops (December 21), the so far 2021 high (January 18) and the 2021 resistance line. The 55-day SMA, today ay 90.78, reinforces this resistance. Above this region, the selling pressure is forecast to mitigate somewhat.

The ongoing rebound is seen as corrective only and in the longer run, as long as DXY trades below the 200-day SMA, today at 94.08, the negative view is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 90.55
Today Daily Change 38
Today Daily Change % -0.04
Today daily open 90.59
 
Trends
Daily SMA20 90.18
Daily SMA50 90.64
Daily SMA100 91.99
Daily SMA200 94.14
 
Levels
Previous Daily High 90.89
Previous Daily Low 90.15
Previous Weekly High 90.95
Previous Weekly Low 90.05
Previous Monthly High 92.02
Previous Monthly Low 89.52
Daily Fibonacci 38.2% 90.61
Daily Fibonacci 61.8% 90.43
Daily Pivot Point S1 90.2
Daily Pivot Point S2 89.81
Daily Pivot Point S3 89.46
Daily Pivot Point R1 90.94
Daily Pivot Point R2 91.28
Daily Pivot Point R3 91.67

 

 

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