US Dollar Index Technical Analysis: DXY bulls reach 95.60 target opening the gates to 96.00 the figure

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above the 200-period simple moving average (SMA).
As foreacst DXY reached the 95.60 target.

DXY 4-hour chart

DXY is having a bullish reversal as the market is trading below its main SMAs.

DXY 30-minute chart

Bulls have reclaimed the 50 SMA and are currently just above the 100 SMA.
Now that 95.60 target has been achieved, the next objective for bulls is the 96.00 figure.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 95.55
    Today Daily change: 35 pips
    Today Daily change %: 0.368%
    Today Daily Open: 95.2
Trends:
    Previous Daily SMA20: 96.58
    Previous Daily SMA50: 96.73
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.81
Levels:
    Previous Daily High: 95.92
    Previous Daily Low: 95.12
    Previous Weekly High: 96.96
    Previous Weekly Low: 95.82
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 95.43
    Previous Daily Fibonacci 61.8%: 95.61
    Previous Daily Pivot Point S1: 94.91
    Previous Daily Pivot Point S2: 94.61
    Previous Daily Pivot Point S3: 94.11
    Previous Daily Pivot Point R1: 95.71
    Previous Daily Pivot Point R2: 96.21
    Previous Daily Pivot Point R3: 96.51

Author

Flavio Tosti

Independent Analyst

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