Oct 21, 2022
VOT Research Desk
Market Insights, Considerations & Analytics
DXY starts its upward trend and took a step closer to the 114.00 area.
The high for 2022 at 114.80 is now visible in the distance.
DXY immediately recovers from Thursday’s minor decline and moves closer to Friday’s 3-week peaks around or near the 114.00 yardstick.
The index may challenge the YTD high at 114.78 (September 28) before reaching the round level at 115.00 if it breaks below the 114.00 area.
As long as the index trades above the 8-month support line near 108.20, there should be no change in the likelihood that the dollar will experience further gains. The 100-day SMA’s proximity further supports this region.
Longer term, DXY is anticipated to keep moving in a positive direction while trading above the 200-day SMA at 103.70.
DXY –SPOT Daily Pattern
|
OVERVIEW |
|
|
Today last price |
113.86 |
|
Today Daily Change |
114 |
|
Today Daily Change % |
0.91 |
|
Today daily open |
112.83 |
|
TRENDS |
|
|
Daily SMA20 |
112.58 |
|
Daily SMA50 |
110.58 |
|
Daily SMA100 |
108.12 |
|
Daily SMA200 |
103.72 |
|
LEVELS |
|
|
Previous Daily High |
113.1 |
|
Previous Daily Low |
112.16 |
|
Previous Weekly High |
113.91 |
|
Previous Weekly Low |
112.14 |
|
Previous Monthly High |
114.78 |
|
Previous Monthly Low |
107.67 |
|
Daily Fibonacci 38.2% |
112.52 |
|
Daily Fibonacci 61.8% |
112.74 |
|
Daily Pivot Point S1 |
112.3 |
|
Daily Pivot Point S2 |
111.76 |
|
Daily Pivot Point S3 |
111.36 |
|
Daily Pivot Point R1 |
113.23 |
|
Daily Pivot Point R2 |
113.63 |
|
Daily Pivot Point R3 |
114.16 |
