USD Index Price Analysis: Initial Support Comes At The 55-Day SMA
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- DXY intensifies the decline and breaches 104.00 on Monday.
- The 55-day SMA near 103.50 should offer initial contention.
DXY extends the strong bearish momentum and breaks below the 104.00 support to record new multi-week lows.
In case sellers push harder, then the index should face a temporary support at the 55-day SMA at 103.51 prior to the weekly low at 102.58 (February 14).
In the meantime, while below the 200-day SMA at 106.62, the outlook for the greenback is expected to remain negative.
DXY daily chart
(Click on image to enlarge)
Dollar Index Spot
| OVERVIEW | |
|---|---|
| Today last price | 103.87 |
| Today Daily Change | 95 |
| Today Daily Change % | -0.74 |
| Today daily open | 104.64 |
| TRENDS | |
|---|---|
| Daily SMA20 | 104.49 |
| Daily SMA50 | 103.47 |
| Daily SMA100 | 104.61 |
| Daily SMA200 | 106.84 |
| LEVELS | |
|---|---|
| Previous Daily High | 105.36 |
| Previous Daily Low | 104.05 |
| Previous Weekly High | 105.89 |
| Previous Weekly Low | 104.05 |
| Previous Monthly High | 105.36 |
| Previous Monthly Low | 100.81 |
| Daily Fibonacci 38.2% | 104.55 |
| Daily Fibonacci 61.8% | 104.86 |
| Daily Pivot Point S1 | 104 |
| Daily Pivot Point S2 | 103.37 |
| Daily Pivot Point S3 | 102.69 |
| Daily Pivot Point R1 | 105.32 |
| Daily Pivot Point R2 | 105.99 |
| Daily Pivot Point R3 | 106.63 |
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