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26 Feb 2019
US Dollar Index Technical Analysis: DXY 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 a key bear target.
DXY 30-minute chart
- DXY is trading below the main SMAs suggesting a bearish bias in the short-term.
- Bears will likely try to break below 96.40 to get to 96.10, 95.90 and 95.40 to the downside.
- To the upside, resistances are located at 96.70 and 96.90 level.
Additional key levels
Dollar Index Spot
Overview:
Today Last Price: 96.44
Today Daily change %: -0.11%
Today Daily Open: 96.55
Trends:
Daily SMA20: 96.38
Daily SMA50: 96.35
Daily SMA100: 96.42
Daily SMA200: 95.59
Levels:
Previous Daily High: 96.78
Previous Daily Low: 96.43
Previous Weekly High: 97.08
Previous Weekly Low: 96.29
Previous Monthly High: 96.96
Previous Monthly Low: 95.03
Daily Fibonacci 38.2%: 96.56
Daily Fibonacci 61.8%: 96.65
Daily Pivot Point S1: 96.39
Daily Pivot Point S2: 96.24
Daily Pivot Point S3: 96.04
Daily Pivot Point R1: 96.74
Daily Pivot Point R2: 96.94
Daily Pivot Point R3: 97.09