US Dollar Index technical analysis: DXY trading below 99.00 after the US NFP


  • DXY is trading mixed this Friday but down for the week.
  • The US Non-Farm Payrolls came below forecast at 136K vs. 145K in September, while wages disappointed at 2.9% vs. 3.2% forecast. 
 

DXY daily chart

 
The US Dollar Index (DXY) is an uptrend above its main daily simple moving averages (DSMAs). Earlier in the New York session, the US Non-Farm Payrolls came below expectations at 136K vs. 145K in September, while wages also disappointed at 2.9% vs. 3.2% forecast.

DXY four-hour chart

 
DXY is trading in the 98.63-99.00 range and between the 50 and 100 SMAs. A break of the 99.00/99.10 resistance zone could lead to 99.30 in the medium term.

DXY 30-minute chart

 
 
DXY is trading below its main SMAs, suggesting a bearish bias in the short term. A break of 98.63 support can expose 98.30 on the way down. 
 

Additional key levels 

Dollar Index Spot

Overview
Today last price 98.81
Today Daily Change -0.15
Today Daily Change % -0.15
Today daily open 98.96
 
Trends
Daily SMA20 98.67
Daily SMA50 98.35
Daily SMA100 97.77
Daily SMA200 97.26
 
Levels
Previous Daily High 99.2
Previous Daily Low 98.63
Previous Weekly High 99.31
Previous Weekly Low 98.29
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 98.85
Daily Fibonacci 61.8% 98.98
Daily Pivot Point S1 98.66
Daily Pivot Point S2 98.36
Daily Pivot Point S3 98.09
Daily Pivot Point R1 99.23
Daily Pivot Point R2 99.5
Daily Pivot Point R3 99.8

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

GBP/USD: Bears eye 1.25 as disappointing UK GDP knocks off yields

GBP/USD extends losses towards 1.2500, as the UK GDP disappointment weighs negatively on the 2-year Gilt yields. Broad US dollar strength amid risk-off mood also adds to the bearish pressure on the cable. 

GBP/USD News

EUR/USD under pressure below 1.1350 amid risk-aversion

EUR/USD remains pressured below 1.1350, as US dollar trades firmer amid broad risk-aversion. The German ZEW Survey to show signs of an economic turnaround. Heightened expectations for an EU fiscal stimulus plan could buoy the shared currency. 

EUR/USD News

Gold: $1796 is the level to beat for the XAU bears

Gold is trying hard to recover ground above the $1800 mark, as the US dollar continues to benefit from broad risk-aversion amid looming coronavirus risks. Let’s see how it is positioned ahead of the critical US CPI release.

Gold News

Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead

Broad US dollar strength extended into Asia, as risk-averse market conditions persisted amid intensifying coronavirus fears and US-China tensions. The Asian equities followed the late sell-off on Wall Street while the US stock futures struggled with its recovery.

Read more

WTI recovers from intraday low under $40.00 ahead of API inventories

WTI’s pullback from $39.30 fails to defy a two-day losing streak. China’s sustained increase in oil imports confronts chatter of easing output cuts. US inflation data, API stockpiles and American earnings are in the spotlight.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures