DXY: Next potential supports are at 102.90/102.60 and 101.90 – Société Générale
FXStreetMar 11, 2025 10:28 AM
The Dollar Index (DXY) has experienced a steady downtrend after facing strong resistance near 110.15 in January, Société Générale's FX analysts note.
Signals of a meaningful bounce are not yet visible
"It has recently given up the 200-DMA (105) and is drifting towards November low of 103.30. Daily MACD is within deep negative territory denoting a stretched down move; however, signals of a meaningful bounce are not yet visible. The MA at 105 could be first layer of resistance in case a brief rebound materializes."
"Below 103.30, next potential supports are at projections of 102.90/102.60 and 101.90."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Gold trends down for days straight, is the gold bull over?
TradingKey - Gold prices continued to slide in Asia today, falling $196, or more than 5.7%, after down by nearly $72 yesterday, extending the downhill since the 7 May high. By the time this report was published, spot gold was around 3,170 ounces.TradingKey
19 hours ago
Walmart’s Q1 Earnings Could Shift Everything
TradingKey - As Walmart (WMT) approaches its Q1 FY2026 earnings report on May 15th, investor sentiment is optimistic but decidedly laced with apprehension.TradingKey
Thu, May 15
Tesla Q1 2025 Earning Report Review: Autonomous Driving and Robotics Lead Future Growth
TradingKey - Tesla's Q1 2025 earnings results revealed short-term financial pressure, with core data lower than market expectations, and both revenue and profitability facing challenges. Against the backdrop of sales and profit pressure, Musk remains confident in Tesla's future.TradingKey
Wed, Apr 23
TSMC 2025 Q1 Outlook: AI-Driven Growth and Supply Chain Breakthrough Amid Tariff Pressures
As the world's leading semiconductor foundry, TSMC's Q1 2025 revenue reached NT$839.254 billion, a year-on-year increase of 41.6%, exceeding market expectations and in line with the company's guidance of NT$820 billion to NT$846.24 billion.TradingKey
Tue, Apr 15
