US Dollar Index technical analysis: DXY gathers bullish momentum and reaches 97.55 resistance


  • DXY broke significantly higher on Friday reaching 97.55 resistance.
  • Bulls have regained control and seem to be en route towards the 2019 high at 98.37. 

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its main daily simple moving averages (DSMA). 


DXY 4-hour chart

DXY is trading above its main SMAs suggesting bullish strength. The market reached 97.55 resistance mentioned on Thursday.


DXY 30-minute chart


The greenback is above its main SMAs suggesting bullish momentum in the near term. The market may continue to rise towards 97.80 and 98.37 resistances. Support is at 97.30 and 97.00

Additional key levels

Dollar Index Spot

Overview
Today last price 97.54
Today Daily Change 0.50
Today Daily Change % 0.52
Today daily open 97.04
 
Trends
Daily SMA20 97.5
Daily SMA50 97.48
Daily SMA100 97.03
Daily SMA200 96.57
Levels
Previous Daily High 97.08
Previous Daily Low 96.87
Previous Weekly High 97.81
Previous Weekly Low 96.46
Previous Monthly High 98.38
Previous Monthly Low 97.03
Daily Fibonacci 38.2% 97
Daily Fibonacci 61.8% 96.95
Daily Pivot Point S1 96.91
Daily Pivot Point S2 96.79
Daily Pivot Point S3 96.7
Daily Pivot Point R1 97.12
Daily Pivot Point R2 97.21
Daily Pivot Point R3 97.33

 

 

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