US Dollar Index Technical Analysis: immediate target aligns at the 200-day SMA above 97.40


  • The recent breakdown of the critical 200-day SMA has left the index exposed to extra downside in the short-term.
  • If this breach becomes convincing, then the outlook on the buck should shift to bearish (from constructive) and the next target should emerge at the monthly low at 97.14 (October 18) ahead of the 97.00 neighbourhood.
  • Above the 200-day SMA, DXY should regain upside pressure and attempt a move to last week’s top at 98.00.

DXY daily chart

Dollar Index Spot

Overview
Today last price 97.3
Today Daily Change 18
Today Daily Change % 0.09
Today daily open 97.21
 
Trends
Daily SMA20 97.96
Daily SMA50 98.35
Daily SMA100 97.87
Daily SMA200 97.46
 
Levels
Previous Daily High 97.46
Previous Daily Low 97.16
Previous Weekly High 98
Previous Weekly Low 97.16
Previous Monthly High 99.67
Previous Monthly Low 97.15
Daily Fibonacci 38.2% 97.27
Daily Fibonacci 61.8% 97.35
Daily Pivot Point S1 97.09
Daily Pivot Point S2 96.98
Daily Pivot Point S3 96.79
Daily Pivot Point R1 97.39
Daily Pivot Point R2 97.58
Daily Pivot Point R3 97.69

 

 

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