US Dollar Index Price Analysis: Stays bearish below the 200-day SMA

  • DXY has managed to test the upper end of the range near 97.80 .
  • Above this area aligns the key 200-day SMA at 98.35.

DXY has resumed the upside and appears ready to challenge the upper end of the recent range near 97.80.

If bulls regain the upper hand, the next target of relevance will emerge at the area of 97.90, where coincide monthly peaks and a Fibo retracement (of the 2017-2018 drop).

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

Today last price 97.61
Today Daily Change 34
Today Daily Change % 0.15
Today daily open 97.46
Daily SMA20 97.04
Daily SMA50 98.6
Daily SMA100 98.88
Daily SMA200 98.37
Previous Daily High 97.65
Previous Daily Low 97.11
Previous Weekly High 97.72
Previous Weekly Low 96.38
Previous Monthly High 100.56
Previous Monthly Low 97.94
Daily Fibonacci 38.2% 97.32
Daily Fibonacci 61.8% 97.44
Daily Pivot Point S1 97.17
Daily Pivot Point S2 96.87
Daily Pivot Point S3 96.63
Daily Pivot Point R1 97.7
Daily Pivot Point R2 97.94
Daily Pivot Point R3 98.23



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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.


GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.


XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI drops to fresh weekly lows below $39 amid virus risks, IEA forecast

WTI (August futures on Nymex) extends the steep declines seen on Thursday to drops over 1.50% in the European session this Friday. The oil bears breach the 39 level to hit the lowest levels in eight days at 38.76.

Oil News