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US Greenback Index Technical Evaluation: Elliot wave sample sends DXY down with 96.00 as goal

DXY each day chart

The US Greenback Index (DXY) is pulling again down after the market fashioned a 5-wave Elliot sample.


DXY Four-hour chart

DXY broke beneath the 50 and 100-period easy transferring averages.  Bears ought to hold the market beneath 96.75 and 97.00 determine to maintain the bearish momentum going.

DXY 30-minute chart

A break beneath 96.40 ought to open the doorways to the 96.00 determine

 

Extra key ranges at a look:

Greenback Index Spot

Overview:
    Final Value: 96.44
    Day by day change: -65 pips
    Day by day change: -Zero.669%
    Day by day Open: 97.09
Developments:
    Day by day SMA20: 96.6
    Day by day SMA50: 95.68
    Day by day SMA100: 95.36
    Day by day SMA200: 93.5
Ranges:
    Day by day Excessive: 97.39
    Day by day Low: 96.76
    Weekly Excessive: 97.01
    Weekly Low: 95.68
    Month-to-month Excessive: 97.2
    Month-to-month Low: 94.79
    Day by day Fibonacci 38.2%: 97.15
    Day by day Fibonacci 61.eight%: 97
    Day by day Pivot Level S1: 96.77
    Day by day Pivot Level S2: 96.45
    Day by day Pivot Level S3: 96.14
    Day by day Pivot Level R1: 97.Four
    Day by day Pivot Level R2: 97.71
    Day by day Pivot Level R3: 98.03

 


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