US Dollar Index Technical Analysis: Another leg up in the cards


DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
  • DXY is trading near 97.00 and just above the 50 SMA. 

DXY 4-hour chart

  • DXY is supported above the 200 SMA.

DXY 30-minute chart

  • A sustained bull break above 97.00 resistance would open the doors to 97.20, 97.40 and 97.60 level. 
  • Supports can be seen at 96.80 and 96.60 level.


Additional key levels

Dollar Index Spot

Overview
Today last price 97.01
Today Daily Change -0.08
Today Daily Change % -0.08
Today daily open 97.09
 
Trends
Daily SMA20 96.97
Daily SMA50 96.81
Daily SMA100 96.62
Daily SMA200 96.07
Levels
Previous Daily High 97.09
Previous Daily Low 96.88
Previous Weekly High 97.38
Previous Weekly Low 96.74
Previous Monthly High 97.71
Previous Monthly Low 95.74
Daily Fibonacci 38.2% 97.01
Daily Fibonacci 61.8% 96.96
Daily Pivot Point S1 96.95
Daily Pivot Point S2 96.81
Daily Pivot Point S3 96.74
Daily Pivot Point R1 97.16
Daily Pivot Point R2 97.23
Daily Pivot Point R3 97.37

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

AUD/USD keeps the red below 0.6400 as Middle East war fears mount

AUD/USD keeps the red below 0.6400 as Middle East war fears mount

AUD/USD is keeping heavy losses below 0.6400, as risk-aversion persists following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar. 

AUD/USD News

USD/JPY recovers above 154.00 despite Israel-Iran escalation

USD/JPY recovers above 154.00 despite Israel-Iran escalation

USD/JPY is recovering ground above 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments. 

USD/JPY News

Gold price pares gains below $2,400, geopolitical risks lend support

Gold price pares gains below $2,400, geopolitical risks lend support

Gold price is paring gains to trade back below  $2,400 early Friday, Iran's downplaying of Israel's attack has paused the Gold price rally but the upside remains supported amid mounting fears over a potential wider Middle East regional conflict. 

Gold News

WTI surges to $85.00 amid Israel-Iran tensions

WTI surges to $85.00 amid Israel-Iran tensions

Western Texas Intermediate, the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran.

Oil News

Dogwifhat price pumps 5% ahead of possible Coinbase effect

Dogwifhat price pumps 5% ahead of possible Coinbase effect

Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.

Read more

Forex MAJORS

Cryptocurrencies

Signatures