USD Index Price Analysis: Further Gains Likely Above 103.57

  • DXY resumes the upside and approaches 103.80.
  • Extra upside looks likely once the 200-day SMA is cleared.

DXY regains the smile and advances to multi-day highs past 103.70 on Monday.

If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37.

In the meantime, above the key 200-day SMA, the outlook for the index is expected to shift to bullish.
 

DXY daily chart

(Click on image to enlarge)


Dollar Index Spot

OVERVIEW
Today last price 103.75
Today Daily Change 69
Today Daily Change % 0.51
Today daily open 103.22
TRENDS
Daily SMA20 104.2
Daily SMA50 105.46
Daily SMA100 104.35
Daily SMA200 103.59
LEVELS
Previous Daily High 103.73
Previous Daily Low 103.11
Previous Weekly High 103.73
Previous Weekly Low 102.47
Previous Monthly High 107.11
Previous Monthly Low 102.47
Daily Fibonacci 38.2% 103.35
Daily Fibonacci 61.8% 103.5
Daily Pivot Point S1 102.98
Daily Pivot Point S2 102.74
Daily Pivot Point S3 102.37
Daily Pivot Point R1 103.6
Daily Pivot Point R2 103.97
Daily Pivot Point R3 104.21

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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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