US Dollar Index Technical Analysis: The bullish view remains intact above the 55-day SMA at 98.29

  • DXY has so far met monthly support at 98.64 (October 3rd), coincident with the 21-day SMA.
  • The continuation of the recovery could extend initially to 99.37 (early September peak) ahead of another test of the 2019 high near 99.70 (October 1st).
  • In the meantime, the 55-day SMA at 98.29 keeps underpinning the immediate bullish view on the index.

DXY daily chart

Dollar Index Spot

Today last price 98.95
Today Daily Change 22
Today Daily Change % 0.12
Today daily open 98.83
Daily SMA20 98.69
Daily SMA50 98.36
Daily SMA100 97.78
Daily SMA200 97.27
Previous Daily High 99.01
Previous Daily Low 98.69
Previous Weekly High 99.67
Previous Weekly Low 98.63
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 98.81
Daily Fibonacci 61.8% 98.89
Daily Pivot Point S1 98.68
Daily Pivot Point S2 98.52
Daily Pivot Point S3 98.36
Daily Pivot Point R1 99
Daily Pivot Point R2 99.16
Daily Pivot Point R3 99.32



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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

GBP/USD: Bears eye 1.25 as disappointing UK GDP knocks off yields

GBP/USD extends losses towards 1.2500, as the UK GDP disappointment weighs negatively on the 2-year Gilt yields. Broad US dollar strength amid risk-off mood also adds to the bearish pressure on the cable. 


EUR/USD under pressure below 1.1350 amid risk-aversion

EUR/USD remains pressured below 1.1350, as US dollar trades firmer amid broad risk-aversion. The German ZEW Survey to show signs of an economic turnaround. Heightened expectations for an EU fiscal stimulus plan could buoy the shared currency. 


Gold: $1796 is the level to beat for the XAU bears

Gold is trying hard to recover ground above the $1800 mark, as the US dollar continues to benefit from broad risk-aversion amid looming coronavirus risks. Let’s see how it is positioned ahead of the critical US CPI release.

Gold News

Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead

Broad US dollar strength extended into Asia, as risk-averse market conditions persisted amid intensifying coronavirus fears and US-China tensions. The Asian equities followed the late sell-off on Wall Street while the US stock futures struggled with its recovery.

Read more

WTI recovers from intraday low under $40.00 ahead of API inventories

WTI’s pullback from $39.30 fails to defy a two-day losing streak. China’s sustained increase in oil imports confronts chatter of easing output cuts. US inflation data, API stockpiles and American earnings are in the spotlight.

Oil News