US Dollar Index technical analysis: DXY ends Tuesday just below 98.42 resistance level


  • DXY (US Dollar Index) ends Tuesday virtually unchanged.
  • The level to beat for buyers is at the 98.55 resistance level.

 

DXY daily chart

 

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs). The Greenback is ending Tuesday within familiar ranges in the 98.10/98.55 zone.

DXY four-hour chart

 

The US dollar Index is ending the day above 96.26 support and the 100/200 SMAs. The bull trend remains intact with DXY buyers looking for a break beyond 98.55 resistance. Further up, the 98.68 and 98.94 resistance levels can be next in line.

 

DXY 30-minute chart

 

DXY remains confined in a small range as the market is trading above flattening 50 and 100 SMAs. The 200 SMA is capping the upside. Immediate support is seen at the 98.26 and 98.10 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price 98.37
Today Daily Change 0.05
Today Daily Change % 0.05
Today daily open 98.32
 
Trends
Daily SMA20 98.3
Daily SMA50 97.8
Daily SMA100 97.58
Daily SMA200 97.11
Levels
Previous Daily High 98.51
Previous Daily Low 98.14
Previous Weekly High 99.38
Previous Weekly Low 98.08
Previous Monthly High 99.02
Previous Monthly Low 97.21
Daily Fibonacci 38.2% 98.28
Daily Fibonacci 61.8% 98.37
Daily Pivot Point S1 98.14
Daily Pivot Point S2 97.95
Daily Pivot Point S3 97.77
Daily Pivot Point R1 98.51
Daily Pivot Point R2 98.69
Daily Pivot Point R3 98.88

 

 

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

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Forex MAJORS

Cryptocurrencies

Signatures