|

US Dollar Index Price Analysis: The 93.50 area holds the downside… for now

  • DXY could not sustain Thursday’s bullish attempt to 93.80.
  • Solid contention remains around the mid-93.00s so far.

DXY resumes the downside after the recent failed attempt to re-visit the 94.00 neighbourhood (Thursday).

Further consolidation is now likely amidst the current price action. However, if sellers manage to drag the index further south of 93.50 then DXY could be poised for a deeper pullback to the 55-day SMA at 93.25 followed by late September lows around 93.00 (September 23/24).

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.87.

DXY daily chart

Dollar Index Spot

Overview
Today last price93.64
Today Daily Change19
Today Daily Change %-0.13
Today daily open93.76
 
Trends
Daily SMA2093.97
Daily SMA5093.28
Daily SMA10092.66
Daily SMA20091.86
 
Levels
Previous Daily High93.79
Previous Daily Low93.5
Previous Weekly High94.56
Previous Weekly Low93.76
Previous Monthly High94.51
Previous Monthly Low91.95
Daily Fibonacci 38.2%93.68
Daily Fibonacci 61.8%93.61
Daily Pivot Point S193.57
Daily Pivot Point S293.39
Daily Pivot Point S393.28
Daily Pivot Point R193.87
Daily Pivot Point R293.98
Daily Pivot Point R394.16

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.