US Dollar Index Technical Analysis: getting ready for the 55-day SMA near 98.30


  • The upside in the index remains well and sound so far this week and is now extending further north of the 98.00 barrier.
  • In the meantime, the positive view on DXY remains unchanged while above the critical 200-day SMA, today at 97.49.
  • That said, further gains should now initially target the 55-day SMA at 98.29 ahead of 99.25 (high October 8th).

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.19
Today Daily Change 10
Today Daily Change % 0.06
Today daily open 98.13
 
Trends
Daily SMA20 97.73
Daily SMA50 98.33
Daily SMA100 97.9
Daily SMA200 97.51
 
Levels
Previous Daily High 98.23
Previous Daily Low 97.82
Previous Weekly High 98
Previous Weekly Low 97.16
Previous Monthly High 99.67
Previous Monthly Low 97.15
Daily Fibonacci 38.2% 98.07
Daily Fibonacci 61.8% 97.98
Daily Pivot Point S1 97.89
Daily Pivot Point S2 97.65
Daily Pivot Point S3 97.48
Daily Pivot Point R1 98.3
Daily Pivot Point R2 98.47
Daily Pivot Point R3 98.71

 

 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Bearish hammer on D1 ahead of ECB minutes

EUR/USD is looking heavy ahead of the minutes of the ECB Oct policy meeting, which are expected to show the members stand divided on which course to take. Waning trade optimism will likely keep the EUR on the defensive.

EUR/USD News

GBP/USD turns positive above 21-DMA as challenges to Tories recede

With the Tory supporters paying little heed to the previous day’s ITV debate, not to forget a surprise turnaround in the opposition Labour party loyalists, GBP/USD trades  better bid above 1.2900 while heading into the London open on Thu.

GBP/USD News

USD/JPY bounces-off 50-DMA but lacks follow-through

USD/JPY has bounced up from the 50-day MA support of 108.28. China's Vice Premier Liu He is cautiously optimistic about the prospects of the US-China trade deal. Related markets, however, are not buying Liu He's optimism, keeping the recovery in check. 

USD/JPY News

Gold: Doji on D1 questions bulls amid mixed trade sentiment

Although the United States’ (US) support for Hong Kong protesters favors the broad risk-off momentum, the mixed response from Chinese diplomats and a bearish candlestick formation question Gold buyers around $1,473 during early Thursday.

Gold News

Hong Kong now a feature in trade negotiations?

The US Senate and House have both passed the Hong Kong Human Rights and Democracy Bill, so now it heads to the desk of US President Trump to either sign or veto it. Sources suggest that the President will sign it into law.

Read more

Forex MAJORS

Cryptocurrencies

Signatures