US Dollar Index technical analysis: DXY trading at weekly highs above the 98.22 level

DXY (US Dollar Index) is gaining steam as the market is about to close the day above the 98.22 resistance.
The next key resistance can be located near the 98.38 level, crucial previous level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs).

DXY 4-hour chart

This Wednesday DXY broke above the critical resistance at 98.10 opening the doors for a potential continuation up towards 98.36 (previous key level) on the way up. If the market hold above the 98.22 resistance level, it would be seen as a bullish sign.

DXY 30-minute chart

The Greenback is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support is seen at the 98.22 and 98.10 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.24
Today Daily Change	0.22
Today Daily Change %	0.22
Today daily open	98.02

Trends
Daily SMA20	97.97
Daily SMA50	97.41
Daily SMA100	97.46
Daily SMA200	97.03

Levels
Previous Daily High	98.05
Previous Daily Low	97.86
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.93
Daily Fibonacci 61.8%	97.98
Daily Pivot Point S1	97.9
Daily Pivot Point S2	97.79
Daily Pivot Point S3	97.71
Daily Pivot Point R1	98.09
Daily Pivot Point R2	98.17
Daily Pivot Point R3	98.28

Author

Flavio Tosti

Independent Analyst

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