US Dollar Index technical analysis: DXY printing fresh 2019 highs as price hit levels not seen since May 2017

DXY (US Dollar Index) is breaking above the 2019 high as the market is trading at its highest since May 2017.
The next key resistance can be seen at the 99.27 level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs) as the market is trading at is highest since May 2017.

DXY 4-hour chart

DXY broke above 98.94 resistance, the previous 2019 high, opening the gates for a potential continuation up towards 99.27, previous key level. If the market holds above the 98.94 level, it would be seen as a bullish sign.

DXY 30-minute chart

DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support is seen at the 98.94 and the 98.68 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.02
Today Daily Change	0.57
Today Daily Change %	0.58
Today daily open	98.45

Trends
Daily SMA20	97.96
Daily SMA50	97.47
Daily SMA100	97.48
Daily SMA200	97.05

Levels
Previous Daily High	98.55
Previous Daily Low	98.16
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.4
Daily Fibonacci 61.8%	98.31
Daily Pivot Point S1	98.22
Daily Pivot Point S2	98
Daily Pivot Point S3	97.83
Daily Pivot Point R1	98.61
Daily Pivot Point R2	98.78
Daily Pivot Point R3	99

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.