21 Nov 2018
DXY Technical Analysis: The outlook on the greenback remains constructive above the short-term support line at 96.25
- DXY is now facing some downside pressure despite yesterday’s bullish ‘outside day’, which should leave the door open for another visit to the 97.00 mark and beyond.
- The index has recently found strong support in the 96.00 neighbourhood, where coincide a Fibo retracement of the 2017-2018 drop and early October’s peaks.
- That said, this area is expected to hold for the time being, while the constructive view is set to persist as long as the short-term support line, today at 96.25, underpins.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 96.58
Daily change: -24 pips
Daily change: -0.248%
Daily Open: 96.82
Trends:
Daily SMA20: 96.69
Daily SMA50: 95.75
Daily SMA100: 95.41
Daily SMA200: 93.6
Levels:
Daily High: 96.89
Daily Low: 96.04
Weekly High: 97.7
Weekly Low: 96.4
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.57
Daily Fibonacci 61.8%: 96.36
Daily Pivot Point S1: 96.28
Daily Pivot Point S2: 95.73
Daily Pivot Point S3: 95.43
Daily Pivot Point R1: 97.13
Daily Pivot Point R2: 97.43
Daily Pivot Point R3: 97.98