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DXY Technical Analysis: Initial upside lost momentum around the 10-day SMA near 96.50

  • DXY faded the initial optimism and is giving away part of Friday’s gains on the back of a better tone in the risk-associated space.
  • The earlier bullish attempt run out of steam in the mid-96.00s, where aligns the 10-day SMA. Ideally, the index should retake this area and above to allow a potential new visit to YTD peaks beyond the 97.00 milestone.
  • On the downside, strong contention emerges in the 96.00 neighbourhood, where converge recent lows and a Fibo retracement of the 2017-2018 drop.

DXY daily chart

Dollar Index Spot

Overview:
    Last Price: 96.34
    Daily change: -16 pips
    Daily change: -0.166%
    Daily Open: 96.5
Trends:
    Daily SMA20: 95.99
    Daily SMA50: 95.34
    Daily SMA100: 95.18
    Daily SMA200: 93.17
Levels:
    Daily High: 96.6
    Daily Low: 95.99
    Weekly High: 97.2
    Weekly Low: 95.99
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 96.37
    Daily Fibonacci 61.8%: 96.22
    Daily Pivot Point S1: 96.13
    Daily Pivot Point S2: 95.75
    Daily Pivot Point S3: 95.52
    Daily Pivot Point R1: 96.74
    Daily Pivot Point R2: 96.97
    Daily Pivot Point R3: 97.35

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