US Dollar Index Technical Analysis: DXY bulls regain some ground after Thursday’s selloff
- The US Dollar Index (DXY) is in a bull trend above the 200-day simple moving average.
- DXY regained some of the ground lost on Thursday. Bulls would ideally need to recapture 97.20 (current 2018 high) in order to resume the bull trend.
- The RSI and Stochastic indicators are weakening suggesting bulls would need to break above 97.20 quickly if they do not want the bears to take over.
DXY daily chart
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Trend: Bullish
Resistance 1: 97.20 current 2018 high
Resistance 2: 97.87 June 20, 2017
Resistance 3: 98.00 figure
Support 1: 97.00 former 2018 high
Support 2: 96.41 August 20 high
Support 3: 96.00 figure
Support 4: 95.65 multi-month resistance (key level)
Support 5: 95.52 August 6 high
Support 6: 95.24 July 13 high
Additional key levels at a glance:
Dollar Index Spot
Overview:
Last Price: 96.5
Daily change: 19 pips
Daily change: 0.197%
Daily Open: 96.31
Trends:
Daily SMA20: 95.94
Daily SMA50: 95.32
Daily SMA100: 95.17
Daily SMA200: 93.14
Levels:
Daily High: 97.1
Daily Low: 96.2
Weekly High: 96.86
Weekly Low: 95.47
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.54
Daily Fibonacci 61.8%: 96.76
Daily Pivot Point S1: 95.97
Daily Pivot Point S2: 95.64
Daily Pivot Point S3: 95.07
Daily Pivot Point R1: 96.87
Daily Pivot Point R2: 97.44
Daily Pivot Point R3: 97.77