US Dollar Index technical analysis: DXY advances to 6-day highs, challenging the 98.00 figure


  • DXY (US Dollar Index) rises to daily highs as the market break 97.85 resistance.
  • The next targets to the upside can be located at 98.10 and the 98.38 levels.
 

DXY daily chart

 
DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). 
 

DXY 4-hour chart

 
The market is challenging the 98.00 figure while trading above its main SMAs. DXY bulls want to drive the market towards 98.10 resistance. Next targets include 98.38, 98.68 and the 98.93 level. 
 

DXY 30-minute chart

 
The buying pressure is lifting the Greenback to daily highs. Immediate support could be found near 97.85 and 97.55.
 
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price 97.97
Today Daily Change 0.14
Today Daily Change % 0.14
Today daily open 97.83
 
Trends
Daily SMA20 97.7
Daily SMA50 97.21
Daily SMA100 97.36
Daily SMA200 96.96
Levels
Previous Daily High 97.85
Previous Daily Low 97.32
Previous Weekly High 98.11
Previous Weekly Low 97.21
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 97.65
Daily Fibonacci 61.8% 97.52
Daily Pivot Point S1 97.48
Daily Pivot Point S2 97.14
Daily Pivot Point S3 96.95
Daily Pivot Point R1 98.01
Daily Pivot Point R2 98.2
Daily Pivot Point R3 98.54

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD stays under pressure around 0.6830 while beginning the NFP day

AUD/USD declines to 0.6830 during the initial Friday morning in Asia. The quote stretches losses made on Thursday as the second-tier Aussie data becomes the latest disappointment.

AUD/USD News

USD/JPY resumes decline after faltering around 109.00

The USD/JPY is ending the day with modest losses, as despite encouraging words from US trade representatives, there’s nothing new on a trade deal with China.

USD/JPY News

US Non-Farm Payrolls November Preview: Labor market continues to defy concerns

Non-farm payrolls are predicted to rise 180,000 in Nov following Oct’s 128,000 increase. The unemployment rate is expected to be unchanged at 3.6%. Hourly earnings will gain 0.3% in Nov after October’s 0.2% increase and annual earnings will be stable at 3.0%.

Read more

Gold: Modestly changed to $1475 as markets turn cautious ahead of US NFP

Gold fails to extend the previous day’s recovery while trading near $1475/76 amid Friday’s Asian session. That said, the yellow metal registers failures to close beyond 50-day EMA for the third consecutive day.

Gold News

USD/JPY resumes decline after faltering around 109.00

The USD/JPY is ending the day with modest losses, as despite encouraging words from US trade representatives, there’s nothing new on a trade deal with China.

USD/JPY News

Forex MAJORS

Cryptocurrencies

Signatures