US Dollar Index Price Analysis: DXY stays on the bull’s radar despite inaction around 113.00
10.10.2022, 23:46

US Dollar Index Price Analysis: DXY stays on the bull’s radar despite inaction around 113.00

  • US Dollar Index retreats from one-week high, probes four-day uptrend.
  • Impending bull cross on the MACD, firmer RSI keeps DXY firmer past 10-DMA.
  • Two-month-old support line adds to the downside filters.

US Dollar Index (DXY) buyers take a breather around 113.00, extending a pullback from a one-week high during early Tuesday’s sluggish Asian session. Even so, the sustained trading beyond the short-term moving average and the price-positive signals from the oscillators keep the buyers hopeful.

That said, Friday’s upside break of the 10-DMA, around 112.10 by the press time, joins the firmer RSI (14) and the looming bull cross on the MACD to suggest the quote’s additional north run.

It should be noted that the 23.6% Fibonacci retracement level of the DXY’s August-September up-move, around 112.40, acts as immediate support for the greenback’s gauge versus the six major currencies.

Even if the US Dollar Index breaks the 112.40 and 112.10 supports, an upward-sloping support line from early August, around 110.75 at the latest, could challenge the bears.

Alternatively, the 114.00 threshold will precede the recent multi-month high near 114.80 while luring the DXY bulls.

Following that, the May 2002 high near 115.35 and the 61.8% Fibonacci Expansion (FE) of August-October moves, near 116.40, will be in focus.

DXY: Daily chart

Trend: Further upside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik