US Dollar Index Technical Analysis: DXY setting the stage for a bullish advance to the 97.54 level
DXY daily chart
- The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
- DXY closed inside Tuesday’s range as the market is trapped in a triangle pattern. Technical indicators are slightly bullish.
- The path of least resistance is to the upside with 97.54 and 97.70 as targets.
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Additional key levels
Dollar Index Spot
Overview:
Today Last Price: 97.04
Today Daily change: 8.0 pips
Today Daily change %: 0.0825%
Today Daily Open: 96.96
Trends:
Previous Daily SMA20: 96.88
Previous Daily SMA50: 96.25
Previous Daily SMA100: 95.66
Previous Daily SMA200: 93.97
Levels:
Previous Daily High: 97.12
Previous Daily Low: 96.37
Previous Weekly High: 97.54
Previous Weekly Low: 96.62
Previous Monthly High: 97.7
Previous Monthly Low: 95.68
Previous Daily Fibonacci 38.2%: 96.83
Previous Daily Fibonacci 61.8%: 96.66
Previous Daily Pivot Point S1: 96.51
Previous Daily Pivot Point S2: 96.07
Previous Daily Pivot Point S3: 95.76
Previous Daily Pivot Point R1: 97.26
Previous Daily Pivot Point R2: 97.57
Previous Daily Pivot Point R3: 98.01