USD Index Price Analysis: Extra gains target the May high near 104.80


  • DXY adds to Friday’s gains well north of the 104.00 barrier.
  • Further upside is seen revisiting the May top around 104.80.

DXY’s rebound picks up pace and tests 2-day highs past the 104.00 hurdle on Monday.                                                                                      

Considering the current price action, further advances could initially see the May top of 104.79 (May 31) revisited in the relatively near term. From here, the index could target the minor hurdle at the round level of 105.00 ahead of the crucial 200-day SMA, today at 105.56.

Looking at the broader picture, while below the 200-day SMA, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 104.32
Today Daily Change 29
Today Daily Change % 0.27
Today daily open 104.04
 
Trends
Daily SMA20 103.16
Daily SMA50 102.39
Daily SMA100 102.92
Daily SMA200 105.45
 
Levels
Previous Daily High 104.09
Previous Daily Low 103.38
Previous Weekly High 104.7
Previous Weekly Low 103.38
Previous Monthly High 104.7
Previous Monthly Low 101.03
Daily Fibonacci 38.2% 103.82
Daily Fibonacci 61.8% 103.65
Daily Pivot Point S1 103.58
Daily Pivot Point S2 103.13
Daily Pivot Point S3 102.87
Daily Pivot Point R1 104.29
Daily Pivot Point R2 104.54
Daily Pivot Point R3 105

 

 

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