US Dollar Index Technical Analysis: Rally stays well and sound above 98.00. Contention emerges at the Fibo retracement near 97.90


  • The upbeat note in the greenback remains intact so far this week and DXY manages well to keep the trade above the 98.00 barrier for the time being.
  • Immediately above emerges the mid-100.00s as the next significant hurdle, where is located a Fibo retracement of the 2017-2018 drown move.
  • In the meantime, occasional selling attempts should meet initial contention at 97.89, another Fibo retracement, while the outlook on the index stays constructive as long as the critical 200-day SMA at 96.13 underpins.

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.14
Today Daily Change 12
Today Daily Change % -0.04
Today daily open 98.18
 
Trends
Daily SMA20 97.29
Daily SMA50 96.92
Daily SMA100 96.66
Daily SMA200 96.17
Levels
Previous Daily High 98.33
Previous Daily Low 97.99
Previous Weekly High 97.49
Previous Weekly Low 96.79
Previous Monthly High 97.71
Previous Monthly Low 95.74
Daily Fibonacci 38.2% 98.2
Daily Fibonacci 61.8% 98.12
Daily Pivot Point S1 98
Daily Pivot Point S2 97.83
Daily Pivot Point S3 97.66
Daily Pivot Point R1 98.34
Daily Pivot Point R2 98.51
Daily Pivot Point R3 98.68

 

 

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: Looks south after the weakest weekly close since May 2017

EUR/USD is on the defensive, having closed at 1.1089 on Friday, the weakest weekly close since May 2017. The daily chart shows the pair repeatedly faced rejection above 1.1230.

EUR/USD News

GBP/USD: On the bids to 1.2160 after latest US/UK headlines

GBP/USD rises after the UK government turns down pessimistic predictions in the Yellowhammer report. The latest statements from the US President Donald Trump add to the strength.

GBP/USD News

USD/JPY: Bulls in control in opening hour of Tokyo, market awaits Jackson Hole

USD/JPY is firm in the opening hour of Tokyo despite the latest comments from Trump where he states that he is not ready to make a deal with China while monitoring the situation in HK.

USD/JPY News

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •