25 Jan 2019
US Dollar Index Technical Analysis: Upside stalled around key Fibo retracement
- DXY managed to climb and test fresh weekly tops in the 96.75/80 band, where is located the 23.6% Fibo retracement of the September-December up move, although it run out of legs soon afterwards.
- The index needs to surpass this area to allow a potential visit to YTD peaks in levels just shy of 97.00 the figure (January 2).
- On the downside, a significant support emerges near the 96.00 mark, where coincide recent lows, the 21-day SMA and the 100-day SMA.
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 96.46
Today Daily change: -0.08 pips
Today Daily change %: -0.08%
Today Daily Open: 96.54
Trends:
Daily SMA20: 96.09
Daily SMA50: 96.59
Daily SMA100: 96.11
Daily SMA200: 95.15
Levels:
Previous Daily High: 96.68
Previous Daily Low: 96.04
Previous Weekly High: 96.4
Previous Weekly Low: 95.47
Previous Monthly High: 97.71
Previous Monthly Low: 96.06
Daily Fibonacci 38.2%: 96.44
Daily Fibonacci 61.8%: 96.28
Daily Pivot Point S1: 96.16
Daily Pivot Point S2: 95.78
Daily Pivot Point S3: 95.52
Daily Pivot Point R1: 96.8
Daily Pivot Point R2: 97.06
Daily Pivot Point R3: 97.44