|

US Dollar Index Technical Analysis: DXY break above 97.00 figure

US Dollar Index (DXY) daily chart

  • DXY is trading in a bull trend above the 50, 100 and 200-day simple moving averages (SMAs).
  • DXY broke above the 97.00 figure this Monday. Bulls objective is to keep the momentum going and reach the 2018 high.
  • On the flip side, bears want to keep the market below the 97.00 and drag it down all the way back to 96.00 figure. 

Additional key levels 
 

Dollar Index Spot

Overview:
    Today Last Price: 97.09
    Today Daily change: 12 pips
    Today Daily change %: 0.124%
    Today Daily Open: 96.97
Trends:
    Previous Daily SMA20: 96.73
    Previous Daily SMA50: 95.87
    Previous Daily SMA100: 95.49
    Previous Daily SMA200: 93.72
Levels:
    Previous Daily High: 96.98
    Previous Daily Low: 96.4
    Previous Weekly High: 96.98
    Previous Weekly Low: 96.04
    Previous Monthly High: 97.2
    Previous Monthly Low: 94.79
    Previous Daily Fibonacci 38.2%: 96.76
    Previous Daily Fibonacci 61.8%: 96.62
    Previous Daily Pivot Point S1: 96.59
    Previous Daily Pivot Point S2: 96.2
    Previous Daily Pivot Point S3: 96.01
    Previous Daily Pivot Point R1: 97.17
    Previous Daily Pivot Point R2: 97.36
    Previous Daily Pivot Point R3: 97.75

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited

Gold attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels. The commodity slides back below the $5,000 psychological mark during the Asian session, though the downside potential seems limited amid a combination of supporting factors.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.