USD Index Price Analysis: The loss of 100.80 exposes a drop to 100.00

DXY adds to Friday’s recovery and approaches the 102.00 barrier.
There are still chances of a breakdown of the 2023 peak near 100.80.

Pablo Piovano FXStreet

DXY extends further Friday’s optimism and looks to retake the 102.00 neighbourhood at the beginning of the week.

Despite the ongoing rebound, the index is expected to remain under pressure for the time being. Against that, the loss of the 2023 low at 100.78 (April 14) should open the door to a deeper decline to, initially, the psychological 100.00 mark.

South from here aligns the late-March 2022 lows near 97.70.

Looking at the broader picture, while below the 200-day SMA, today at 106.33, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.66
Today Daily Change	30
Today Daily Change %	0.08
Today daily open	101.58

Trends
Daily SMA20	102.3
Daily SMA50	103.47
Daily SMA100	103.53
Daily SMA200	106.37

Levels
Previous Daily High	101.75
Previous Daily Low	100.79
Previous Weekly High	102.76
Previous Weekly Low	100.79
Previous Monthly High	105.89
Previous Monthly Low	101.92
Daily Fibonacci 38.2%	101.38
Daily Fibonacci 61.8%	101.15
Daily Pivot Point S1	100.99
Daily Pivot Point S2	100.41
Daily Pivot Point S3	100.04
Daily Pivot Point R1	101.95
Daily Pivot Point R2	102.33
Daily Pivot Point R3	102.91

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.