- Analytics
- News and Tools
- Market News
- USD Index Price Analysis: Interim hurdle comes at the 100-day SMA
USD Index Price Analysis: Interim hurdle comes at the 100-day SMA
- DXY picks up further traction and surpasses the 103.00 mark.
- Further bounce could see the transitory 100-day SMA revisited.
DXY leaves behind Thursday’s lows in the sub-102.00 area and retakes the 103.00 mark on quite a convincing note.
The initial up-barrier comes at the temporary 55-day SMA near 103.40, while the continuation of the rebound is expected to meet another provisional resistance at the 100-day SMA at 104.37.
Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.
DXY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
