CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

US Dollar Index technical analysis: DXY in danger of turning bearish below its 200 DSMA

2019-06-22 05:35

  • The bull trend might be in peril as bears brroke below a key support and the 200 DSMA.

  • Targets to the downside can be seen at 95.74 and 95.17.

DXY daily chart

The US Dollar Index (DXY) broke below 96.46 key support and its 200-day simple moving average (DSMA) suggesting that the bull trend might start to fizzle out.

DXY 4-hour chart

DXY is trading below its main SMAs suggesting bearish momentum in the near term. Bears can reach 95.74 and 95.17 to the downside. Resistance is at 96.46 and 69.74. .

Additional key levels


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD -0.19% 1.30131
    EURUSD -0.32% 1.17536
    XAUUSD -0.24% 1903.06
    XTIUSD -1.66% 38.265
    NAS100 -0.72% 11472.9
    US30 -1.21% 27007.4