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U.S. dollar technical analysis

  • Regular
  • FX Market
  • 3 months ago
  • 82

The US Dollar Index (DXY) is trading in bull market territory above its main moving averages.
 
DXY is breaking out to the upside from the triangle pattern suggesting a potential run to 97.60 and even 98.00
 
A break below 96.15 would be considered bearish move and could lead in to deeper drop.
 
Trends Daily:
     EMA20: 96.79
     EMA50: 96.25
     EMA100: 95.53
     EMA200: 93.95
 
Daily Levels:
     High: 96.92
     Low: 96.51
 
Weekly Levels:
    High: 97.21
    Low: 96.37
    
    Daily Fibonacci 38.2%: 96.67
    Daily Fibonacci 61.8%: 96.76
 
    S1: 96.43
    S2: 96.27
    S3: 96.02
 
    R1: 96.84
    R2: 97.09
    R3: 97.25
 
 
 
Source: Smart Trend Team