US Dollar Index technical analysis: DXY loses steam below the 98.45 level

The Greenback is turning bearish breaking below the 98.45 support.
The market can weaken to the 98.20 price level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in a bull trend above the main daily simple moving averages (DSMAs). However, the Greenback has been trading in a tight range for most of September.

DXY four-hour chart

DXY has retraced below the 98.45 level and the triangle pattern is no longer into effect. The market is weak with a potential move down to 98.20. A break of this support can expose the 98.00 figure.

DXY 30-minute chart

DXY is trading below the main SMAs, suggesting bearish momentum in the short term. On the way up, resistance is seen at 98.45 and 98.60 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.33
Today Daily Change	-0.30
Today Daily Change %	-0.30
Today daily open	98.63

Trends
Daily SMA20	98.48
Daily SMA50	98.08
Daily SMA100	97.65
Daily SMA200	97.17

Levels
Previous Daily High	98.84
Previous Daily Low	98.45
Previous Weekly High	98.75
Previous Weekly Low	98.04
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.69
Daily Fibonacci 61.8%	98.6
Daily Pivot Point S1	98.44
Daily Pivot Point S2	98.25
Daily Pivot Point S3	98.05
Daily Pivot Point R1	98.83
Daily Pivot Point R2	99.03
Daily Pivot Point R3	99.22

Author

Flavio Tosti

Independent Analyst

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