US Dollar Index technical analysis: DXY off daily highs, trading above the 98.10 level


  • DXY (US Dollar Index) retraces down slightly as the week is coming to an end. 
  • The next targets to the upside can be located at 98.10 and the 98.38 levels.
 

DXY daily chart

 
DXY (US Dollar Index) is evolving in a bull trend above its main daily simple moving averages (DSMAs). DXY got a boost on Thursday as the European Central Bank’s (ECB) member Olli Rehn said that ECB stimulus package in September might overshoot expectations. Also, the Retail Sales Control Group in July surpassed expectations adding to the positive sentiment on the Greenback.
 
 

DXY 4-hour chart

 
The market almost reached 98.38 resistance while above its main SMAs. DXY bulls need to clear this level to climb towards 98.68 and the 98.93 levels. 
 

DXY 30-minute chart

 
The Greenback is trading above the 98.10 support and the 50 SMA. Immediate support could be found near the 98.10, 97.95 and 97.85 levels.
 

Additional key levels

Dollar Index Spot

Overview
Today last price 98.2
Today Daily Change 0.05
Today Daily Change % 0.05
Today daily open 98.15
 
Trends
Daily SMA20 97.81
Daily SMA50 97.25
Daily SMA100 97.38
Daily SMA200 96.98
Levels
Previous Daily High 98.24
Previous Daily Low 97.82
Previous Weekly High 98.11
Previous Weekly Low 97.21
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 98.08
Daily Fibonacci 61.8% 97.98
Daily Pivot Point S1 97.9
Daily Pivot Point S2 97.65
Daily Pivot Point S3 97.48
Daily Pivot Point R1 98.32
Daily Pivot Point R2 98.49
Daily Pivot Point R3 98.74

 

 

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