US Dollar Index Technical Analysis: DXY remains vulnerable to the downside
DXY daily chart
- The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
DXY 4-hour chart
- The head-and-shoulders pattern suggests further weakness ahead with 95.40 as main support.
- Resistances are at 96.70 and 97.10 level.
DXY 30-minute chart
- DXY is trading between the 100 and 200 SMAs suggesting a sideways market in the short-term.
- Bears will likely attempt to break below 96.40 to reach 96.10, 95.90 and 95.40 to the downside.
- Looking north, resistances are at 96.70 and 96.90 level.
Additional key levels:
Dollar Index Spot
Overview:
Today Last Price: 96.59
Today Daily change: 4 ticks
Today Daily change %: 0.04%
Today Daily Open: 96.55
Trends:
Daily SMA20: 96.34
Daily SMA50: 96.37
Daily SMA100: 96.41
Daily SMA200: 95.56
Levels:
Previous Daily High: 96.65
Previous Daily Low: 96.29
Previous Weekly High: 97.37
Previous Weekly Low: 96.62
Previous Monthly High: 96.96
Previous Monthly Low: 95.03
Daily Fibonacci 38.2%: 96.51
Daily Fibonacci 61.8%: 96.43
Daily Pivot Point S1: 96.34
Daily Pivot Point S2: 96.14
Daily Pivot Point S3: 95.98
Daily Pivot Point R1: 96.7
Daily Pivot Point R2: 96.86
Daily Pivot Point R3: 97.06