USD Index Price Analysis: Extra losses could test 104.63


  • The index remains well on the defensive and breaks below 105.00.
  • The continuation of the downside could drop to the August low.

DXY extends the leg lower to the area below the 105.00 level for the first time since mid-August.

The continuation of the selling pressure could motivate the dollar to shed further ground and challenge the August low at 104.63 (August 10) in the short-term horizon.

Below the 200-day SMA at 105.51, the dollar’s outlook should remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 104.98
Today Daily Change 104
Today Daily Change % -0.96
Today daily open 106
 
Trends
Daily SMA20 106.57
Daily SMA50 109.56
Daily SMA100 109.23
Daily SMA200 105.96
 
Levels
Previous Daily High 107.2
Previous Daily Low 105.78
Previous Weekly High 108
Previous Weekly Low 105.63
Previous Monthly High 113.15
Previous Monthly Low 105.32
Daily Fibonacci 38.2% 106.32
Daily Fibonacci 61.8% 106.66
Daily Pivot Point S1 105.45
Daily Pivot Point S2 104.9
Daily Pivot Point S3 104.03
Daily Pivot Point R1 106.87
Daily Pivot Point R2 107.75
Daily Pivot Point R3 108.29

 

 

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