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

More By This Author:

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EUR/USD Price Analysis: Next On The Upside Comes 1.1000
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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