OctaFX | OctaFX Forex Broker
Open trading account

US Dollar Index Price Analysis: The upside bias stays firm and targets 98.54

  • The rally in DXY prints fresh yearly highs beyond 98.00 the figure.
  • Immediately to the upside aligns 98.54, November’s high.

The upside momentum in DXY remains well and sound for yet another session and it has lifted the dollar to new yearly highs vs. its rivals above the 98.00 mark.

Immediately above emerges the next target of relevance at 98.54, or November’s peak ahead of 98.93 (high August 1st 2019).

In the broader picture, the outlook on the buck is seen constructive while above the 200-day SMA, today at 97.71.

DXY daily chart


EUR/JPY Price Analysis: Decent support emerged around 119.80

The downside in EUR/JPY has picked up extra pace after breaching the key 200-day SMA in the 120.870 region on Friday and the 100-day SMA around 120.30
Read more Previous

EUR/USD Price Analysis: Below 1.10 exposes a drop to the 1.0980 area

The persistent selling bias in EUR/USD has once again come to test the 1.10 neighbourhood and a tad below, where are located yearly lows. A sustainabl
Read more Next
Start livechat