US Dollar Index technical analysis: DXY ends the week under pressure below the 99.00 handle

DXY is trading in a range this Friday and is ending the week 0.60% down.
The US Non-Farm Payrolls came below expectations at 136K vs. 145K in September, while wages came out at 2.9% vs. 3.2% forecast.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above the main daily simple moving averages (DSMAs). This Friday, the US Non-Farm Payrolls came below forecast at 136K vs. 145K in September, while wages disappointed as well at 2.9% vs. 3.2% expected.

DXY four-hour chart

DXY is ranging in the 98.63-99.00 band between the 50 and 100 SMAs. The Index remains in a bull trend above the 200 SMA and a break of the 99.00/99.10 resistance zone could lead to 99.30 in the medium term.

DXY 30-minute chart

DXY is trading below its main SMAs, suggesting a bearish bias in the short term. A break below 98.63 support can lead to 98.30 on the way down. The market would need to clear the 99.00-99.10 resistance zone in order to alleviate the bearish pressure.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.82
Today Daily Change	-0.14
Today Daily Change %	-0.14
Today daily open	98.96

Trends
Daily SMA20	98.67
Daily SMA50	98.35
Daily SMA100	97.77
Daily SMA200	97.26

Levels
Previous Daily High	99.2
Previous Daily Low	98.63
Previous Weekly High	99.31
Previous Weekly Low	98.29
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	98.85
Daily Fibonacci 61.8%	98.98
Daily Pivot Point S1	98.66
Daily Pivot Point S2	98.36
Daily Pivot Point S3	98.09
Daily Pivot Point R1	99.23
Daily Pivot Point R2	99.5
Daily Pivot Point R3	99.8

Author

Flavio Tosti

Independent Analyst

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