15 Nov 2018

US Dollar Index Technical Analysis: 5-wave pattern can send the Greenback down to 96.00 figure

US Dollar Index (DXY) 4-hour chart

The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.
DXY has created a 5-wave pattern. The market is likely in correction mode with a potential target at 96.00 figure.
A break above 97.70 (2018 high) might lead to a continuation up, however, the pullback down is more likely at this stage.

Additional key levels at a glance:

Dollar Index Spot

Overview:
    Last Price: 97.05
    Daily change: -11 pips
    Daily change: -0.113%
    Daily Open: 97.16
Trends:
    Daily SMA20: 96.47
    Daily SMA50: 95.6
    Daily SMA100: 95.32
    Daily SMA200: 93.44
Levels:
    Daily High: 97.69
    Daily Low: 97.08
    Weekly High: 97.01
    Weekly Low: 95.68
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 97.31
    Daily Fibonacci 61.8%: 97.46
    Daily Pivot Point S1: 96.93
    Daily Pivot Point S2: 96.7
    Daily Pivot Point S3: 96.32
    Daily Pivot Point R1: 97.54
    Daily Pivot Point R2: 97.92
    Daily Pivot Point R3: 98.15

US Dollar Index Technical Analysis: 5-wave pattern can send the Greenback down to 96.00 figure

Wall Street ends in red dragged by financials and technology

AUD/USD: Bulls take charge on 0.72 ahead of Aussie jobs - (Remember last time?...Well here we go again)