DXY on the verge of a bull breakout to the 2018 high


  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average (SMA). 
  • DXY bulls came back this Monday driving the market near the October highs as all indicators are in bullish territories.
  • Bulls seem well-positioned to have a breakout above 96.00 figure which can lead to a continuation up to 97.00 (current 2018 high).

DXY daily chart

Spot rate:                 96.01
Relative change:     0.36%
High:                        96.09
Low:                         95.47

Trend:                     Bullish

Resistance 1:         96.00 figure
Resistance 2:         96.41 August 20 high
Resistance 3:         97.00 current 2018 high

Support 1:               95.65 multi-month resistance (key level)
Support 2:               95.52 August 6 high
Support 3:               95.24 July 13 high
Support 4:               95.00 figure
Support 5:               94.91 July 27 high 
Support 6:               94.43 August 28 swing low
Support 7:               93.81 September 21 swing low (key level)



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