DXY Price Analysis: Further losses expected below 105.00

- Advertisement -
  • The DXY keeps the erratic behavior unchanged so far this week.
  • Bears resumption could retest 105.00.

The US Dollar Index (DXY) advances modestly after Friday’s sharp decline.

Continuing selling pressure could facilitate a deeper pullback to initially the August low near 105.00 (Aug 2). This initial containment zone appears to be reinforced by the 55-day simple moving average.

- Advertisement -

The constructive short-term stance is expected to remain supported by the 6-month support line today near 104.30.

Also, the broader bullish view on the dollar remains in place as long as it is above the 200 SMA at 99.74.

DXY – Dollar Spot Index

Overview
last price today 105.78
daily change today 31
Today’s daily variation in % 0.00
Daily opening today 105.78
Trends
daily SMA20 106.92
daily SMA50 105.18
daily SMA100 103.22
daily SMA200 99.7
levels
Previous daily high 106.52
Previous Daily Low 105.67
Previous Weekly High 107.43
Previous Weekly Low 105.54
Previous Monthly High 109.29
Previous Monthly Low 104.69
Daily Fibonacci of 38.2% 105.99
Daily Fibonacci of 61.8% 106.19
Daily Pivot Point S1 105.46
Daily Pivot Point S2 105.14
Daily Pivot Point S3 104.61
Daily Pivot Point R1 106.31
Daily Pivot Point R2 106.84
Daily Pivot Point R3 107.15

- Advertisement -

Source: Fx Street

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles