US Dollar Index Technical Analysis: The Greenback prints a new 2018 high as bulls are nearing 98.00 level
- The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.
- DXY broke to a new 2018 high as bulls are nearing the 98.00 figure. Technical indicators remain bullishly configured suggesting more gains ahead.
- A break above 98.00 can open the doors to 98.86 (March 27, 2017 low).
DXY daily chart
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Trend: Bullish
Resistance 1: 97.87 June 20, 2017
Resistance 2: 98.00 figure
Resistance 3: 98.86 March 27, 2017 low
Support 1: 97.00 August 15 high
Support 2: 96.41 August 20 high
Support 3: 96.00 figure
Support 4: 95.65 multi-month resistance (key level)
Support 5: 95.52 August 6 high
Additional key levels at a glance:
Dollar Index Spot
Overview:
Last Price: 97.68
Daily change: 79 pips
Daily change: 0.815%
Daily Open: 96.89
Trends:
Daily SMA20: 96.24
Daily SMA50: 95.51
Daily SMA100: 95.26
Daily SMA200: 93.36
Levels:
Daily High: 97.01
Daily Low: 96.63
Weekly High: 97.01
Weekly Low: 95.68
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.86
Daily Fibonacci 61.8%: 96.78
Daily Pivot Point S1: 96.68
Daily Pivot Point S2: 96.46
Daily Pivot Point S3: 96.3
Daily Pivot Point R1: 97.06
Daily Pivot Point R2: 97.22
Daily Pivot Point R3: 97.44