|

US Dollar Index technical analysis: DXY up on Monday supported by the 200 DSMA

  • DXY is advancing little this Monday supported by the 200 DSMA.
  • The level to beat for bulls is 97.00 and 97.15.

 
DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend just above the 200-day simple moving average (DSMA). 

DXY 4-hour chart

The market is in consolidation mode between the 100 and 200 SMAs. Bulls would need a break above 97.00 and 97.15 to get out of the woods.

DXY 30-minute chart

DXY got a small boost this Monday above the 96.80 support and the 50/100 SMAs. If bulls can overcome 97.15 resistance the 97.30 and 97.55 can come into play. 


Additional key levels

Dollar Index Spot

Overview
Today last price96.94
Today Daily Change0.12
Today Daily Change %0.12
Today daily open96.82
 
Trends
Daily SMA2096.81
Daily SMA5097.37
Daily SMA10097.11
Daily SMA20096.69
Levels
Previous Daily High97.12
Previous Daily Low96.79
Previous Weekly High97.59
Previous Weekly Low96.79
Previous Monthly High97.81
Previous Monthly Low95.84
Daily Fibonacci 38.2%96.92
Daily Fibonacci 61.8%96.99
Daily Pivot Point S196.7
Daily Pivot Point S296.58
Daily Pivot Point S396.37
Daily Pivot Point R197.03
Daily Pivot Point R297.24
Daily Pivot Point R397.36

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD stays depressed near 1.1850 ahead of German ZEW

EUR/USD remains in the red near 1.1850 in the European session on Tuesday. A broad US Dollar bullish consolidation combined with a softer risk tone keep the pair undermined ahead of the German ZEW sentiment survey. 

GBP/USD drops below 1.3600 after weak UK jobs report

GBP/USD is seeing a fresh selling wave, giving up the 1.3600 level in Tuesday's European trading. The United Kingdom employment data showed worsening labor market conditions, bolstering bets for a BoE interest rate cut next month. This narrative is weighing heavily on the Pound Sterling. 

Gold pares intraday losses; keeps the red above $4,900 amid receding safe-haven demand

Gold (XAU/USD) attracts some follow-through selling for the second straight day and dives to over a one-week low, around the $4,858 area, heading into the European session on Tuesday. 

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.