US Dollar Index Price Analysis: Additional Losses Not Ruled Out

  • The DXY gives some signs of life and recovers 107.00 and more.
  • Immediately to the downside is the 200-day SMA at 105.00.

The US dollar index (DXY) reverses two daily falls in a row and manages to recover the area above 107.00 on Thursday.

Despite the rebound, the index remains under watch. That being said, a break of the November low at 105.34 (Nov 15) should lead the DXY to extend losses to the critical 200-day SMA at 105.00 today. The loss of this important region could put a possible drop to the August low of 104.63 (10 Aug) back on the radar.

Below the 200-day SMA, the outlook for the dollar should turn negative.

DXY daily chart

dollar index

Overview
Last price today 106.96
Today I change daily 104
Today’s daily change in % 0.63
today’s daily opening 106.29
Trends
daily SMA20 109.47
daily SMA50 111.01
daily SMA100 109.34
daily SMA200 105.3
levels
previous daily high 106.79
previous daily low 105.86
Previous Weekly High 111.4
previous weekly low 106.28
Previous Monthly High 113.95
Previous monthly minimum 109.54
Fibonacci daily 38.2% 106.21
Daily Fibonacci of 61.8% 106.43
Daily Pivot Point S1 105.83
Daily Pivot Point S2 105.38
Daily Pivot Point S3 104.9
Daily Pivot Point R1 106.77
Daily Pivot Point R2 107.25
Daily Pivot Point R3 107.7

Source: Fx Street

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