|

USD Index Price Analysis: The 200-day SMA holds the downside so far

  • The index struggles to continue the rebound around 106.70.
  • The dollar keeps the positive outlook above the 200-day SMA.

DXY reverses the initial downside and looks to extend the move further north of the 106.00 mark on Tuesday.

In case the recovery becomes more serious, then the US Dollar could attempt to retest the weekly high at 107.99 (November 21) ahead of the temporary 100-day Simple Moving Average (SMA), today at 109.12.

While above the 200-day SMA, the outlook for the index should remain positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price106.78
Today Daily Change75
Today Daily Change %0.10
Today daily open106.67
 
Trends
Daily SMA20106.84
Daily SMA50109.78
Daily SMA100109.24
Daily SMA200105.89
 
Levels
Previous Daily High106.74
Previous Daily Low105.32
Previous Weekly High108
Previous Weekly Low105.63
Previous Monthly High113.95
Previous Monthly Low109.54
Daily Fibonacci 38.2%106.2
Daily Fibonacci 61.8%105.86
Daily Pivot Point S1105.75
Daily Pivot Point S2104.82
Daily Pivot Point S3104.32
Daily Pivot Point R1107.17
Daily Pivot Point R2107.67
Daily Pivot Point R3108.6

Author

Pablo Piovano

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

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD keeps the bid bias just over 1.1800

EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.