US Dollar Index technical analysis: DXY correcting up above the 96.00 mark


  • The US Dollar Index (DXY) bull trend is at risk. 
  • Resistance is seen at the 96.46 and 96.74 levels.

DXY daily chart
 

The US Dollar Index (DXY) broke below 96.46 key support and the 200-day simple moving average (DSMA) putting the bull trend at risk.

DXY 4-hour chart
 

DXY is under pressure below its main SMAs suggesting bearish momentum in the near term. Bears can reach to 95.74 and 95.17 to the downside. Resistance is at 96.46 and 96.74. 


DXY 30-minute chart

The market is correcting up above the 50 and 100 SMAs. DXY remains under pressure below the 96.46 resistance. 

Additional key levels

Dollar Index Spot

Overview
Today last price 96.14
Today Daily Change 0.15
Today Daily Change % 0.16
Today daily open 95.99
 
Trends
Daily SMA20 97.18
Daily SMA50 97.46
Daily SMA100 97.13
Daily SMA200 96.64
Levels
Previous Daily High 96.2
Previous Daily Low 95.97
Previous Weekly High 97.77
Previous Weekly Low 96.15
Previous Monthly High 98.38
Previous Monthly Low 97.03
Daily Fibonacci 38.2% 96.06
Daily Fibonacci 61.8% 96.11
Daily Pivot Point S1 95.91
Daily Pivot Point S2 95.82
Daily Pivot Point S3 95.68
Daily Pivot Point R1 96.14
Daily Pivot Point R2 96.28
Daily Pivot Point R3 96.37

 

 

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

GBP/USD bulls retain control near 1.3300 mark, highest since March 2022

GBP/USD bulls retain control near 1.3300 mark, highest since March 2022

The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.

GBP/USD News
USD/JPY pops and drops on BoJ's expected hold

USD/JPY pops and drops on BoJ's expected hold

USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.  

USD/JPY News
Gold consolidates weekly gains, with sight on $2,600 and beyond

Gold consolidates weekly gains, with sight on $2,600 and beyond

Gold price is looking to build on the previous day’s rebound early Friday, consolidating weekly gains amid the overnight weakness in the US Dollar alongside the US Treasury bond yields. Traders now await the speeches from US Federal Reserve monetary policymakers for fresh hints on the central bank’s path forward on interest rates.

Gold News
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum

Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum

Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Forex MAJORS

Cryptocurrencies

Signatures