US Dollar Index Price Analysis: Door open to… 100.00?


  • DXY quickly surpasses the 98.00 mark on Friday.
  • Next on the upside comes the triple-digit barrier.

DXY clinches fresh cycle tops well north of the 98.00 mark at the end of the week.

There is scope for the continuation of the uptrend in the very near term. Against that, there are no hurdles of relevance until the the 99.97 level (May 25 2020 high), which precedes the psychological 100.00 mark.

The short-term bullish stance remains supported by the 5-month line, today near 95.60, while the longer-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.08.

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.62
Today Daily Change 80
Today Daily Change % 0.91
Today daily open 97.73
 
Trends
Daily SMA20 96.25
Daily SMA50 96.07
Daily SMA100 95.68
Daily SMA200 94.08
 
Levels
Previous Daily High 97.95
Previous Daily Low 97.35
Previous Weekly High 97.74
Previous Weekly Low 95.69
Previous Monthly High 97.74
Previous Monthly Low 95.14
Daily Fibonacci 38.2% 97.72
Daily Fibonacci 61.8% 97.58
Daily Pivot Point S1 97.4
Daily Pivot Point S2 97.07
Daily Pivot Point S3 96.79
Daily Pivot Point R1 98
Daily Pivot Point R2 98.28
Daily Pivot Point R3 98.61

 

 

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