US Dollar Index Technical Analysis: Largest daily decline in two weeks for the Greenback


DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs). 
  • This Tuesday marks the largest daily decline in two weeks for the Greenback.

DXY 4-hour chart

  • DXY is trading above its main SMAs suggesting bullish momentum in the medium-term.

DXY 30-minute chart

  • DXY is trading between the 100 and 200 SMAs suggesting a sideways market in the short-term. 
  • Bulls will try to recapture 96.90 and 97.20 to the upside. 
  • On the flip sside, a break below 96.70 on a daily closing basis could lead to a decline 96.40 level.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 96.74
    Today Daily change: -32 ticks
    Today Daily change %: -0.33%
    Today Daily Open: 97.06
Trends:
    Daily SMA20: 96.12
    Daily SMA50: 96.4
    Daily SMA100: 96.27
    Daily SMA200: 95.43
Levels:
    Previous Daily High: 97.12
    Previous Daily Low: 96.62
    Previous Weekly High: 96.69
    Previous Weekly Low: 95.58
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.93
    Daily Fibonacci 61.8%: 96.81
    Daily Pivot Point S1: 96.75
    Daily Pivot Point S2: 96.43
    Daily Pivot Point S3: 96.25
    Daily Pivot Point R1: 97.25
    Daily Pivot Point R2: 97.43
    Daily Pivot Point R3: 97.75

 

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