USD Index Price Analysis: Extra Losses In The Pipeline
- DXY keeps the negative performance in the low-103.00s.
- Next on the downside emerges the weekly low of 102.93.
DXY extends the leg lower for the fourth session in a row on turnaround Tuesday.
Further weakness in the index is expected to challenge the key support at 103.00 sooner rather than later. The loss of this region exposes the weekly low of 102.93 (August 30) ahead of another round level at 102.00.
In the meantime, while below the key 200-day SMA (103.60), the outlook for the index is expected to remain bearish.
DXY daily chart
(Click on image to enlarge)
Dollar Index Spot
| OVERVIEW | |
|---|---|
| Today last price | 103.17 |
| Today Daily Change | 25 |
| Today Daily Change % | -0.05 |
| Today daily open | 103.22 |
| TRENDS | |
|---|---|
| Daily SMA20 | 104.82 |
| Daily SMA50 | 105.64 |
| Daily SMA100 | 104.24 |
| Daily SMA200 | 103.62 |
| LEVELS | |
|---|---|
| Previous Daily High | 103.53 |
| Previous Daily Low | 103.19 |
| Previous Weekly High | 104.22 |
| Previous Weekly Low | 103.18 |
| Previous Monthly High | 107.35 |
| Previous Monthly Low | 105.35 |
| Daily Fibonacci 38.2% | 103.32 |
| Daily Fibonacci 61.8% | 103.4 |
| Daily Pivot Point S1 | 103.09 |
| Daily Pivot Point S2 | 102.97 |
| Daily Pivot Point S3 | 102.75 |
| Daily Pivot Point R1 | 103.44 |
| Daily Pivot Point R2 | 103.66 |
| Daily Pivot Point R3 | 103.78 |
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USD Index Price Analysis: A Deeper Drop Emerges Below 103.00
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
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