US Dollar Index Technical Analysis: A potential test to the 200-day SMA at 94.91 remains on the cards


  • DXY is struggling for direction on Monday, looking to prolong the positive momentum for the third session in a row following late last week’s gains.
  • However, the resumption of the recent downtrend remains a possibility, and with it the likeliness of a re-visit to the critical 200-day SMA at 94.91 ahead of September lows in the 93.80 area.
  • On the other hand, downside pressure should mitigate on a surpass of the 95.88/96.00 band.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 95.66
    Today Daily change: -3.0 pips
    Today Daily change %: -0.0314%
    Today Daily Open: 95.69
Trends:
    Previous Daily SMA20: 96.44
    Previous Daily SMA50: 96.69
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.86
Levels:
    Previous Daily High: 95.76
    Previous Daily Low: 95.19
    Previous Weekly High: 96.12
    Previous Weekly Low: 95.03
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 95.54
    Previous Daily Fibonacci 61.8%: 95.41
    Previous Daily Pivot Point S1: 95.33
    Previous Daily Pivot Point S2: 94.98
    Previous Daily Pivot Point S3: 94.76
    Previous Daily Pivot Point R1: 95.9
    Previous Daily Pivot Point R2: 96.12
    Previous Daily Pivot Point R3: 96.47

 

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