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US Dollar Index Technical Analysis: DXY bulls disappoints as 97.30 resistance caps the upside

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above the 200-period simple moving average (SMA). 
  • DXY printed a small doji bar this Thursday, hardly a strong bullish continuation pattern.

DXY 4-hour chart

  • DXY is maintaining the price above the 97.00 level and the 50, 100 and 200 SMAs. 

DXY 30-minute chart

  • DXY is trapped in a range between the 96.90 and 97.30 levels. 
  • Bears have a slight advantage as 96.90 can be the next target. 

 

Additional key resistance

Dollar Index Spot

Overview:
    Today Last Price: 97.09
    Today Daily change: 4.0 pips
    Today Daily change %: 0.0412%
    Today Daily Open: 97.05
Trends:
    Previous Daily SMA20: 96.9
    Previous Daily SMA50: 96.47
    Previous Daily SMA100: 95.8
    Previous Daily SMA200: 94.18
Levels:
    Previous Daily High: 97.49
    Previous Daily Low: 96.89
    Previous Weekly High: 97.21
    Previous Weekly Low: 96.37
    Previous Monthly High: 97.7
    Previous Monthly Low: 95.68
    Previous Daily Fibonacci 38.2%: 97.12
    Previous Daily Fibonacci 61.8%: 97.26
    Previous Daily Pivot Point S1: 96.8
    Previous Daily Pivot Point S2: 96.54
    Previous Daily Pivot Point S3: 96.2
    Previous Daily Pivot Point R1: 97.4
    Previous Daily Pivot Point R2: 97.74
    Previous Daily Pivot Point R3: 98

 

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