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US Dollar Index technical analysis: DXY printing fresh 2019 highs as price hit levels not seen since May 2017

DXY (US Dollar Index) is breaking above the 2019 high as the market is trading at its highest since May 2017.
The next key resistance can be seen at 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) as the market is trading at is highest since May 2017.

DXY 4-hour chart

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

DXY 30-minute chart

DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support is seen at the 98.94 and the 98.68 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.02
Today Daily Change	0.57
Today Daily Change %	0.58
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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