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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