US Dollar Index Price Analysis: Solid resistance emerges at 97.90


  • DXY has failed once again to advance beyond the 97.90 region.
  • Further north of this area aligns the key 200-day SMA at 98.34.

DXY remains locked within a consolidative mood with clear topside in the 97.90 region, where converge recent peaks and a Fibo level (of the 2017-2018 drop).

If A surpass of this resistance band should open the door to a potential move beyond 98.00 the figure and a test of the critical 200-day SMA, today at 98.35.

As long as the 200-day SMA, today at 98.35, caps the upside, further losses are still on the table for the dollar.

DXY daily chart

Dollar Index Spot

Overview
Today last price 97.37
Today Daily Change 26
Today Daily Change % -0.01
Today daily open 97.38
 
Trends
Daily SMA20 97.03
Daily SMA50 98.54
Daily SMA100 98.87
Daily SMA200 98.36
 
Levels
Previous Daily High 97.81
Previous Daily Low 97.23
Previous Weekly High 97.72
Previous Weekly Low 96.38
Previous Monthly High 98.24
Previous Monthly Low 95.72
Daily Fibonacci 38.2% 97.45
Daily Fibonacci 61.8% 97.59
Daily Pivot Point S1 97.13
Daily Pivot Point S2 96.89
Daily Pivot Point S3 96.56
Daily Pivot Point R1 97.71
Daily Pivot Point R2 98.05
Daily Pivot Point R3 98.29

 

 

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