US Dollar Index technical analysis: DXY strengthens at the start of the week, trading above 98.55

DXY (US Dollar Index) is regaining some strength at the start of the new week.
The level to beat for bulls is the 98.68 and 98.10 resistance levels.
The FOMC on Wednesday will be capital for the US Dollar.

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 Greenback is regaining some strength in a risk-off environment. Traders will closely be watching the FOMC on Wednesday.

DXY four-hour chart

DXY is trading above the main SMAs, suggesting bullish momentum in the medium term. Bulls have regained several levels of resistance at the 98.42 and 98.55 price levels. Further up lies 98.68 and most importantly, 99.10, which is likely going more challenging to go through.

DXY 30-minute chart

DXY is trading above the main SMAs, suggesting a bullish bias in the near term. Immediate support can be found near 99.55 and 98.42 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.6
Today Daily Change	0.40
Today Daily Change %	0.41
Today daily open	98.2

Trends
Daily SMA20	98.37
Daily SMA50	97.92
Daily SMA100	97.6
Daily SMA200	97.13

Levels
Previous Daily High	98.42
Previous Daily Low	97.99
Previous Weekly High	99.11
Previous Weekly Low	97.99
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.15
Daily Fibonacci 61.8%	98.26
Daily Pivot Point S1	97.99
Daily Pivot Point S2	97.77
Daily Pivot Point S3	97.56
Daily Pivot Point R1	98.42
Daily Pivot Point R2	98.63
Daily Pivot Point R3	98.85

Author

Flavio Tosti

Independent Analyst

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