US Dollar Index technical analysis: DXY ends the day virtually unchanged

DXY erased most of its intraday gains this Thursday.
DXY is very close to the 2019 high at 98.38.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its main simple moving averages (SMAs). Bulls attempted to break above the 98.20 but DXY is ending the day virtually unchanged.

DXY 4-hour chart

The greenback is trading above its main SMAs suggesting a bullish bias in the medium term.

DXY 30-minute chart

The level to beat for bulls is 98.28 as the market is very close to the 2019 high at 98.38. However, a daily close below 98.10 can lead to a correction down to 97.90 and 97.70 support.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.15
Today Daily Change	0.25
Today Daily Change %	0.26
Today daily open	97.9

Trends
Daily SMA20	97.72
Daily SMA50	97.43
Daily SMA100	96.91
Daily SMA200	96.46

Levels
Previous Daily High	97.97
Previous Daily Low	97.88
Previous Weekly High	98.38
Previous Weekly Low	97.55
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.91
Daily Fibonacci 61.8%	97.94
Daily Pivot Point S1	97.86
Daily Pivot Point S2	97.83
Daily Pivot Point S3	97.77
Daily Pivot Point R1	97.95
Daily Pivot Point R2	98.01
Daily Pivot Point R3	98.04

Author

Flavio Tosti

Independent Analyst

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