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22 Oct 2018
DXY Technical Analysis: Scope for extra gains near term
- The index is leaving behind the initial pessimism and is now looking to advance further north of the critical barrier at 96.00 the figure.
- Extra gains emerge in so far monthly peaks in the lower 96.00s. adding strength to this resistance area is the Fibo retracement of the 2017-2018 drop at 96.04 and the short term resistance line, today at 96.09.
- Further up, 2018 highs in the 97.00 neighbourhood should return to investors’ radar.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 96
Daily change: 33 pips
Daily change: 0.345%
Daily Open: 95.67
Trends:
Daily SMA20: 95.29
Daily SMA50: 95.23
Daily SMA100: 94.93
Daily SMA200: 92.86
Levels:
Daily High: 96.09
Daily Low: 95.54
Weekly High: 96.09
Weekly Low: 94.79
Monthly High: 95.74
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.75
Daily Fibonacci 61.8%: 95.88
Daily Pivot Point S1: 95.44
Daily Pivot Point S2: 95.22
Daily Pivot Point S3: 94.89
Daily Pivot Point R1: 95.99
Daily Pivot Point R2: 96.32
Daily Pivot Point R3: 96.54