From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
11 Apr 2019
US Dollar Index Technical Analysis: The 21-day SMA near 96.80 offers initial contention so far
- The index remains unable to gather some serious upside traction and continues in a downside-corrective mode for the time being.
- The weekly leg lower is expected to remain contained by the 96.80 region, where sits the 21-day SMA, ahead of the 96.60 zone, where coincide the 55-day and 100-day SMAs.
- Further out, the constructive view in DXY remains unchanged as long as the critical 200-day SMA, today at 96.02, underpins.
DXY daily chart
