USD Index Price Analysis: Downside Pressure Alleviate Above 102.50
- DXY adds to the promising start of the week and revisits 101.60.
- Next on the upside comes the monthly high near 102.50.
DXY extends the upside bias seen on Monday and reclaims the 101.50/60 band, or 2-day highs, on Tuesday.
A more serious bullish attempt should clear the monthly high at 102.40 (May 2) to mitigate the downside pressure and allow for a potential advance to the provisional 55- and 100-day SMAs at 102.86 and 103.00, respectively.
Looking at the broader picture, while below the 200-day SMA, today at 105.91, the outlook for the index is expected to remain negative.
DXY daily chart
(Click on image to enlarge)
Dollar Index Spot
OVERVIEW | |
---|---|
Today last price | 101.51 |
Today Daily Change | 22 |
Today Daily Change % | 0.12 |
Today daily open | 101.39 |
TRENDS | |
---|---|
Daily SMA20 | 101.64 |
Daily SMA50 | 102.74 |
Daily SMA100 | 103.04 |
Daily SMA200 | 106.01 |
LEVELS | |
---|---|
Previous Daily High | 101.42 |
Previous Daily Low | 101.04 |
Previous Weekly High | 102.4 |
Previous Weekly Low | 101.03 |
Previous Monthly High | 103.06 |
Previous Monthly Low | 100.79 |
Daily Fibonacci 38.2% | 101.27 |
Daily Fibonacci 61.8% | 101.18 |
Daily Pivot Point S1 | 101.15 |
Daily Pivot Point S2 | 100.91 |
Daily Pivot Point S3 | 100.77 |
Daily Pivot Point R1 | 101.53 |
Daily Pivot Point R2 | 101.66 |
Daily Pivot Point R3 | 101.9 |
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