US Dollar Index technical analysis: DXY ends Monday in positive territories near 98.50 level

DXY starts the week with a gap up but remains under bearish pressure.
The level to beat for bulls is the 98.63 resistance.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (DSMAs). This Monday DXY consolidated above the 50 SMA the decline seen last Friday.

DXY four-hour chart

DXY started the week with a gap up while still trading below its main SMAs, suggesting a bearish bias in the medium term. Bears need a break below the 98.20/98.00 support zone to target the 97.60 price level on the way down.

DXY 30-minute chart

DXY is consolidating between the 50 and 200 SMAs, suggesting a sideways market in the near term. Bulls would need to have a daily close above the 98.63 resistance to target the 98.85 and 99.00 resistances.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.51
Today Daily Change	0.18
Today Daily Change %	0.18
Today daily open	98.33

Trends
Daily SMA20	98.81
Daily SMA50	98.42
Daily SMA100	97.83
Daily SMA200	97.34

Levels
Previous Daily High	98.74
Previous Daily Low	98.19
Previous Weekly High	99.26
Previous Weekly Low	98.19
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	98.4
Daily Fibonacci 61.8%	98.53
Daily Pivot Point S1	98.1
Daily Pivot Point S2	97.87
Daily Pivot Point S3	97.55
Daily Pivot Point R1	98.65
Daily Pivot Point R2	98.97
Daily Pivot Point R3	99.2

Author

Flavio Tosti

Independent Analyst

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