US Dollar Index Price Analysis: The 2019 high at 99.67 emerges on the horizon


  • The rally in DXY reached the 99.00 mark and beyond, new YTD highs.
  • Next on the upside comes 99.37 ahead of 2020 tops near 99.70.

Despite Thursday’s lack of direction, DXY looks firm near YTD highs in the 99.00 neighbourhood.

Immediately to the upside emerges 99.37 (high September 3rd 2019 ahead of 2019 high at 99.67 recorded on October 1st.

Looking at the broader picture, as long as the critical 200-day SMA, today at 97.75, caps the upside, the near-term bullish stance in the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.93
Today Daily Change 19
Today Daily Change % -0.07
Today daily open 99
 
Trends
Daily SMA20 98.01
Daily SMA50 97.55
Daily SMA100 97.86
Daily SMA200 97.77
 
Levels
Previous Daily High 99.05
Previous Daily Low 98.71
Previous Weekly High 98.71
Previous Weekly Low 97.44
Previous Monthly High 98.19
Previous Monthly Low 96.42
Daily Fibonacci 38.2% 98.92
Daily Fibonacci 61.8% 98.84
Daily Pivot Point S1 98.79
Daily Pivot Point S2 98.58
Daily Pivot Point S3 98.45
Daily Pivot Point R1 99.13
Daily Pivot Point R2 99.26
Daily Pivot Point R3 99.47

 

 

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