• DXY partially sets aside the recent sharp sell-off and regains 106.00.
  • The 200-day SMA near 105.30 continues to emerge as a tough support.

DXY finally regains the smile and retakes the area above the 106.00 barrier after three daily drops in a row on Friday.

There is a solid contention area near 105.30, where the November low and the 200-day SMA converge.

In the meantime, the downside pressure in the index is expected to mitigate somewhat once the weekly high at 107.99 is cleared (November 21). Extra gains from here should meet the 100-day SMA at 109.15 ahead of the 9-month resistance line near 110.00.

While above the 200-day SMA at 105.32, the outlook for the index should remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 106.14
Today Daily Change 51
Today Daily Change % 0.26
Today daily open 105.86
 
Trends
Daily SMA20 107.69
Daily SMA50 110.34
Daily SMA100 109.26
Daily SMA200 105.72
 
Levels
Previous Daily High 106.16
Previous Daily Low 105.63
Previous Weekly High 107.27
Previous Weekly Low 105.32
Previous Monthly High 113.95
Previous Monthly Low 109.54
Daily Fibonacci 38.2% 105.83
Daily Fibonacci 61.8% 105.96
Daily Pivot Point S1 105.61
Daily Pivot Point S2 105.36
Daily Pivot Point S3 105.08
Daily Pivot Point R1 106.13
Daily Pivot Point R2 106.41
Daily Pivot Point R3 106.66

 

 

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