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US Dollar Index Price Analysis: Outlook should change to positive above 103.60

  • The DXY continues to push and flirts with the 103.60 area.
  • Breaking above the 200-day SMA opens the door for additional gains.

He DXY It advances for the third consecutive session and is around the 103.60 area at the end of the week.

If the key 200-day SMA around 103.60 is broken, the index is expected to face more sustained rises to initially the weekly high of 104.21 (Nov 22) before the temporary 100-day SMA at 104.34.

Meanwhile, above the key 200-day SMA, the DXY outlook is expected to change to bullish.

DXY Daily Chart

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Dollar Index Spot

Overview
Latest price today 103.58
Daily change today 3. 4
Today’s daily variation 0.07
Today’s daily opening 103.51
Trends
daily SMA20 104.3
daily SMA50 105.51
SMA100 daily 104.32
SMA200 daily 103.6
Levels
Previous daily high 103.59
Previous daily low 102.72
Previous weekly high 104.22
Previous weekly low 103.18
Previous Monthly High 107.11
Previous monthly low 102.47
Daily Fibonacci 38.2 103.26
Fibonacci 61.8% daily 103.05
Daily Pivot Point S1 102.95
Daily Pivot Point S2 102.4
Daily Pivot Point S3 102.08
Daily Pivot Point R1 103.83
Daily Pivot Point R2 104.15
Daily Pivot Point R3 104.7

Source: Fx Street

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