- The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.
- DXY erases early daily losses stemming from the reaction to the US mid-term elections. Bulls found support at 95.65 (multi-month resistance) and their objective is to drive the market back up to 97.00.
- However, it remains to be seen how high the market can go as the RSI, MACD and Stochastic indicators are turning bearish.
DXY daily chart
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Trend: Bullish
Resistance 1: 96.41 August 20 high
Resistance 2: 97.00 former 2018 high
Resistance 3: 97.20 current 2018 high
Resistance 4: 97.87 June 20, 2017
Resistance 5: 98.00 figure
Support 1: 96.00 figure
Support 2: 95.65 multi-month resistance (key level)
Support 3: 95.52 August 6 high
Support 4: 95.24 July 13 high
Additional key levels at a glance:
Dollar Index Spot
Overview:
Last Price: 96.2
Daily change: -3.0 pips
Daily change: -0.0312%
Daily Open: 96.23
Trends:
Daily SMA20: 96.04
Daily SMA50: 95.41
Daily SMA100: 95.21
Daily SMA200: 93.24
Levels:
Daily High: 96.45
Daily Low: 96.14
Weekly High: 97.2
Weekly Low: 95.99
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.26
Daily Fibonacci 61.8%: 96.33
Daily Pivot Point S1: 96.1
Daily Pivot Point S2: 95.96
Daily Pivot Point S3: 95.79
Daily Pivot Point R1: 96.41
Daily Pivot Point R2: 96.58
Daily Pivot Point R3: 96.72
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