US Dollar Index Technical Analysis: DXY flirting with the 2018 high


  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average. 
  • DXY has been rebounding in the last three day from below 96.00. Bulls objective is to break above the 2018 high at 97.20. A break of the level would open the doors to 97.87 (June 20, 2017).
  • Alternatively, failure to recapture 97.20 can lead to a retracement to 96.00. 

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 August 15 high
Resistance 2:         97.20, 2018 high 
Resistance 3:         97.87 June 20, 2017
Resistance 4:         98.00 figure


Support 1:               96.41 August 20 high
Support 2:               96.00 figure
Support 3:               95.65 multi-month resistance (key level)
Support 4:               95.52 August 6 high
Support 5:               95.24 July 13 high


Additional key levels at a glance:

Dollar Index Spot

Overview:
    Last Price: 96.93
    Daily change: 27 pips
    Daily change: 0.279%
    Daily Open: 96.66
Trends:
    Daily SMA20: 96.16
    Daily SMA50: 95.48
    Daily SMA100: 95.24
    Daily SMA200: 93.32
Levels:
    Daily High: 96.74
    Daily Low: 96.07
    Weekly High: 97.2
    Weekly Low: 95.99
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 96.48
    Daily Fibonacci 61.8%: 96.33
    Daily Pivot Point S1: 96.24
    Daily Pivot Point S2: 95.82
    Daily Pivot Point S3: 95.57
    Daily Pivot Point R1: 96.91
    Daily Pivot Point R2: 97.16
    Daily Pivot Point R3: 97.58

 

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