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US Dollar Index technical analysis: DXY is nearing the 2019 high, beyond the 99.27 level can be next

DXY (US Dollar Index) is at a stone’s throw from the 2019 high as the Greenback is having a substantial boost.
The next key resistances are seen at 98.94, the 2019 high, and potentially the 99.27 level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs). The market is nearing the 2019 high at 98.94.

DXY 4-hour chart

DXY broke above 98.68 resistance opening the gates for a potential continuation up towards 98.94, the 2019 high and 99.27, crucial previous level. If the market holds above the 98.68 level, it would be seen as a bullish sign.

DXY 30-minute chart

The Greenback is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support is seen at the 98.68 and the 98.45 levels.

Additional key levels

Dollar Index Spot

Overvi
Today last price	98.84
Today Daily Change	0.39
Today Daily Change %	0.40
Today daily open	98.45

Trends
Daily SMA20	97.96
Daily SMA50	97.47
Daily SMA100	97.48
Daily SMA200	97.05

Levels
Previous Daily High	98.55
Previous Daily Low	98.16
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.4
Daily Fibonacci 61.8%	98.31
Daily Pivot Point S1	98.22
Daily Pivot Point S2	98
Daily Pivot Point S3	97.83
Daily Pivot Point R1	98.61
Daily Pivot Point R2	98.78
Daily Pivot Point R3	99

Author

Flavio Tosti

Independent Analyst

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