12 Oct 2018
DXY Technical Analysis: Support emerged around 95.00. Upside bias unchanged above 93.71
- After a test of the 95.00 neighbourhood, the index appears to have met some traction and managed to leave behind that area of contention and bounce to the 95.20/30 band.
- The support zone around 95.00 stays reinforced by the 21-day SMA at 94.98 and the 100-day SMA at 94.87.
- On the upside, interim hurdle appears at the 10-day SMA at 95.52 ahead of recent peaks in the 96.10/15 zone. Around this resistance band lies the Fibo retracement of the 2017-2018 drop at 96.04.
- A move higher remains on the cards as long as September’s low at 93.71 holds the downside.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 95.32
Daily change: 29 pips
Daily change: 0.305%
Daily Open: 95.03
Trends:
Daily SMA20: 95
Daily SMA50: 95.23
Daily SMA100: 94.86
Daily SMA200: 92.75
Levels:
Daily High: 95.52
Daily Low: 94.98
Weekly High: 96.13
Weekly Low: 95
Monthly High: 96.13
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.19
Daily Fibonacci 61.8%: 95.31
Daily Pivot Point S1: 94.83
Daily Pivot Point S2: 94.64
Daily Pivot Point S3: 94.29
Daily Pivot Point R1: 95.37
Daily Pivot Point R2: 95.72
Daily Pivot Point R3: 95.91