USD Index Price Analysis: Extra decline lies below the 200-day SMA

The index resumes the downtrend and revisits the 105.30 region.
The loss of the 200-day SMA opens the door to extra losses.

Pablo Piovano FXStreet

The US Dollar Index (DXY) comes under extra selling pressure and extends the breakdown of the key 106.00 barrier at the beginning of the week.

The selling pressure motivates the index to flirt with the always relevant 200-day Simple Moving Average (SMA), today at 105.36. A drop below the latter is expected to allow for losses to accelerate and target the August low at 104.63 (August 10).

South of the 200-day SMA, the outlook for the index should shift to bearish.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.69
Today Daily Change	120
Today Daily Change %	-0.55
Today daily open	106.27

Trends
Daily SMA20	106.99
Daily SMA50	109.89
Daily SMA100	109.24
Daily SMA200	105.85

Levels
Previous Daily High	106.29
Previous Daily Low	106.14
Previous Weekly High	108
Previous Weekly Low	105.63
Previous Monthly High	113.95
Previous Monthly Low	109.54
Daily Fibonacci 38.2%	106.23
Daily Fibonacci 61.8%	106.2
Daily Pivot Point S1	106.18
Daily Pivot Point S2	106.08
Daily Pivot Point S3	106.03
Daily Pivot Point R1	106.33
Daily Pivot Point R2	106.38
Daily Pivot Point R3	106.48

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold rallies above $5,150 as Trump’s tariffs boost haven demand

Gold price extends the rally above $5,150 in the Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, which boost safe-haven flows. US-Iran geopolitical risks also linger, supporting the Gold price upside.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.