USD Index Price Analysis: The 200-day SMA holds the downside so far
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Pablo Piovano
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29 Nov @ 02:41 (GMT+0)

USD Index Price Analysis: The 200-day SMA holds the downside so far

  • The index struggles to continue the rebound around 106.70.
  • The dollar keeps the positive outlook above the 200-day SMA.

DXY reverses the initial downside and looks to extend the move further north of the 106.00 mark on Tuesday.

In case the recovery becomes more serious, then the US Dollar could attempt to retest the weekly high at 107.99 (November 21) ahead of the temporary 100-day Simple Moving Average (SMA), today at 109.12.

While above the 200-day SMA, the outlook for the index should remain positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 106.78
Today Daily Change 75
Today Daily Change % 0.10
Today daily open 106.67
 
Trends
Daily SMA20 106.84
Daily SMA50 109.78
Daily SMA100 109.24
Daily SMA200 105.89
 
Levels
Previous Daily High 106.74
Previous Daily Low 105.32
Previous Weekly High 108
Previous Weekly Low 105.63
Previous Monthly High 113.95
Previous Monthly Low 109.54
Daily Fibonacci 38.2% 106.2
Daily Fibonacci 61.8% 105.86
Daily Pivot Point S1 105.75
Daily Pivot Point S2 104.82
Daily Pivot Point S3 104.32
Daily Pivot Point R1 107.17
Daily Pivot Point R2 107.67
Daily Pivot Point R3 108.6