US Dollar Index technical analysis: DXY nearing 98.00 and pushing its way to 8-day high


DXY daily chart

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

DXY 4-hour chart

The market is trading above its main SMAs suggesting bullish momentum in the near term. The 98.10 is most likely the next target to the upside. If the market has enough stamina DXY can reach the 2019 high at the 98.34 price level.

DXY 30-minute chart

DXY is trading above its main SMAs suggesting bullish momentum in the near term. Bulls will try to break 97.90 to reach 98.10 and 98.34 to the upside. Immediate support is seen at 97.74 and 97.60 price level.


Additional key levels

Dollar Index Spot

Overview
Today last price 97.85
Today Daily Change 0.26
Today Daily Change % 0.27
Today daily open 97.59
 
Trends
Daily SMA20 97.62
Daily SMA50 97.21
Daily SMA100 96.74
Daily SMA200 96.36
Levels
Previous Daily High 97.7
Previous Daily Low 97.44
Previous Weekly High 97.74
Previous Weekly Low 97.13
Previous Monthly High 98.34
Previous Monthly Low 96.74
Daily Fibonacci 38.2% 97.6
Daily Fibonacci 61.8% 97.54
Daily Pivot Point S1 97.45
Daily Pivot Point S2 97.32
Daily Pivot Point S3 97.19
Daily Pivot Point R1 97.71
Daily Pivot Point R2 97.84
Daily Pivot Point R3 97.97

 

 

 

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