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US Dollar Index Price Analysis: Interim top at 110.80?
DXY corrects lower and drops to multi-session lows.
The dollar could have charted a near-term top near 110.80.
DXY trades on the defensive for the second session in a row and extends the recent breakdown of the 110.00 mark.
The short-term bullish view in the dollar, however, remains well in place for the time being and so far bolstered by the 7-month support line just below 106.00.
Further retracement in the short-term horizon could leave the recent 20-year high near 110.80 (September 7) as an interim peak. The surpass of this area could open the door to the weekly highs at 111.90 (June 6 2002) and 113.35 (May 24 2002).
Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 101.26.
DXY daily chart
Today last price 109.41
Today Daily Change 54
Today Daily Change % -0.15
Today daily open 109.57
TRENDS
Daily SMA20 108.23
Daily SMA50 107.23
Daily SMA100 105.2
Daily SMA200 101.16
LEVELS
Previous Daily High 110.79
Previous Daily Low 109.54
Previous Weekly High 110
Previous Weekly Low 108.27
Previous Monthly High 109.48
Previous Monthly Low 104.64
Daily Fibonacci 38.2% 110.02
Daily Fibonacci 61.8% 110.31
Daily Pivot Point S1 109.14
Daily Pivot Point S2 108.71
Daily Pivot Point S3 107.89
Daily Pivot Point R1 110.39
Daily Pivot Point R2 111.21
Daily Pivot Point R3 111.64
Trading Studio
US Dollar Index Price Analysis: Interim top at 110.80?
DXY corrects lower and drops to multi-session lows.
The dollar could have charted a near-term top near 110.80.
DXY trades on the defensive for the second session in a row and extends the recent breakdown of the 110.00 mark.
The short-term bullish view in the dollar, however, remains well in place for the time being and so far bolstered by the 7-month support line just below 106.00.
Further retracement in the short-term horizon could leave the recent 20-year high near 110.80 (September 7) as an interim peak. The surpass of this area could open the door to the weekly highs at 111.90 (June 6 2002) and 113.35 (May 24 2002).
Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 101.26.
DXY daily chart
Today last price 109.41
Today Daily Change 54
Today Daily Change % -0.15
Today daily open 109.57
TRENDS
Daily SMA20 108.23
Daily SMA50 107.23
Daily SMA100 105.2
Daily SMA200 101.16
LEVELS
Previous Daily High 110.79
Previous Daily Low 109.54
Previous Weekly High 110
Previous Weekly Low 108.27
Previous Monthly High 109.48
Previous Monthly Low 104.64
Daily Fibonacci 38.2% 110.02
Daily Fibonacci 61.8% 110.31
Daily Pivot Point S1 109.14
Daily Pivot Point S2 108.71
Daily Pivot Point S3 107.89
Daily Pivot Point R1 110.39
Daily Pivot Point R2 111.21
Daily Pivot Point R3 111.64
