US Dollar Index Finds Ceiling Around 200-Day SMA

The US dollar index is moving towards the 200-day simple moving average (SMAs) and the 23.6% Fibonacci retracement level of the down leg from 103.82 to 89.14 at 92.60. The 50- and 100-day SMAs are ready for a bullish crossover, confirming the rebound off the 33-month low of 89.14.

Technically, the stochastic oscillator is approaching the overbought territory, while the MACD is trying to overcome the trigger line in the positive region.

If there is a successful climb above the 200-day SMA, this could drive the index until the 93.17 resistance ahead of the 94.30 level and the 38.2% Fibonacci of 94.77. Above these powerful resistances, the bulls could meet the 95.60 barriers, taken from the inside swing low on June 2020.

In the negative scenario, a decline again could increase selling interest, sending the price around the 50- and 100-day SMAs around the 90.95 support. If the bears retake control could ease the market until the 33-month trough of 89.14 and the low from March 2018 at 88.50.

In brief, the dollar index has been in an upside correction over the last two months and a climb above the 200-day SMA could open the door for more advances.

0 views0 comments



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with