US Dollar Index technical analysis: Can the Greenback come back?


  • DXY (US Dollar Index) is holding above the key 98.00 handle. 
  • The United States Retail Sales Group data halts the intraday DXY bleeding.
 
 

DXY daily chart

 
 
DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). The Greenback remains under pressure this Friday although the US Retail Sales Group in August came in line with expectation and put an end to DXY intraday decline.
 
 

DXY four-hour chart

 
DXY is holding on above its 200 SMA and a key support at 98.00, suggesting that the bull trend is still into play. However, bulls have a lot of work to do as they have to regain several levels of resistances at 98.42, 98.55 and 98.68. 
 
On the other hand, if DXY loses the 98.00 handle on a daily closing basis, the market might selloff towards 97.60 and 97.20 swing lows. Next week will likely be crucial. 
 
 
 
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price 98.21
Today Daily Change -0.16
Today Daily Change % -0.16
Today daily open 98.37
 
Trends
Daily SMA20 98.37
Daily SMA50 97.9
Daily SMA100 97.6
Daily SMA200 97.13
Levels
Previous Daily High 99.11
Previous Daily Low 98.19
Previous Weekly High 99.38
Previous Weekly Low 98.08
Previous Monthly High 99.02
Previous Monthly Low 97.21
Daily Fibonacci 38.2% 98.54
Daily Fibonacci 61.8% 98.76
Daily Pivot Point S1 98
Daily Pivot Point S2 97.64
Daily Pivot Point S3 97.08
Daily Pivot Point R1 98.92
Daily Pivot Point R2 99.48
Daily Pivot Point R3 99.84

 

 

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