30 Jan 2019
US Dollar Index Technical Analysis: The index expected to stay sidelined below 96.00
- The index is now prolonging the weekly rangebound theme in sub-96.00 levels amidst increasing cautiousness ahead of the FOMC gathering due later in the session.
- The short-term resistance line, today at 96.54, continues to cap occasional bullish attempts, leaving the probability of further downside well on the cards.
- That said, contention is seen emerging at weekly lows at 95.62 ahead of the key 200-day SMA at 95.27 and YTD lows in the 95.00 neighbourhood.
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 95.82
Today Daily change: -0.01 pips
Today Daily change %: -0.01%
Today Daily Open: 95.83
Trends:
Daily SMA20: 96
Daily SMA50: 96.54
Daily SMA100: 96.13
Daily SMA200: 95.24
Levels:
Previous Daily High: 95.87
Previous Daily Low: 95.62
Previous Weekly High: 96.68
Previous Weekly Low: 95.75
Previous Monthly High: 97.71
Previous Monthly Low: 96.06
Daily Fibonacci 38.2%: 95.77
Daily Fibonacci 61.8%: 95.72
Daily Pivot Point S1: 95.68
Daily Pivot Point S2: 95.52
Daily Pivot Point S3: 95.43
Daily Pivot Point R1: 95.93
Daily Pivot Point R2: 96.02
Daily Pivot Point R3: 96.18