DXY adds to Friday’s recovery attempt and advances past 112.00. (Pivot Orderbook analysis)
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- DXY adds to Friday’s recovery attempt and advances past 112.00.
- Bulls continue to target the 2022 peak near 114.80 near term.
The pair currently trades last at 112.36.
The previous day high was 112.7 while the previous day low was 111.57. The daily 38.2% Fib levels comes at 112.27, expected to provide support. Similarly, the daily 61.8% fib level is at 112.0, expected to provide support.
DXY extends the ongoing bull run to the 112.50 zone at the beginning of the week.
The index retreated from recent extreme overbought levels and seems to have met some decent contention near 111.50 so far. If the recovery picks up extra pace the index could see the 2022 high at 114.77 (September 28) revisited in the short-term horizon.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 107.20.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.53.
Technical Levels: Supports and Resistances
EURUSD currently trading at 112.36 at the time of writing. Pair opened at 112.17 and is trading with a change of 0.17 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 112.36 |
| 1 | Today Daily Change | 79.00 |
| 2 | Today Daily Change % | 0.17 |
| 3 | Today daily open | 112.17 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 110.9, 50 SMA 108.81, 100 SMA @ 106.71 and 200 SMA @ 102.56.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 110.90 |
| 1 | Daily SMA50 | 108.81 |
| 2 | Daily SMA100 | 106.71 |
| 3 | Daily SMA200 | 102.56 |
The previous day high was 112.7 while the previous day low was 111.57. The daily 38.2% Fib levels comes at 112.27, expected to provide support. Similarly, the daily 61.8% fib level is at 112.0, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 111.6, 111.02, 110.47
- Pivot resistance is noted at 112.72, 113.27, 113.85
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 112.70 |
| Previous Daily Low | 111.57 |
| Previous Weekly High | 114.78 |
| Previous Weekly Low | 111.57 |
| Previous Monthly High | 114.78 |
| Previous Monthly Low | 107.67 |
| Daily Fibonacci 38.2% | 112.27 |
| Daily Fibonacci 61.8% | 112.00 |
| Daily Pivot Point S1 | 111.60 |
| Daily Pivot Point S2 | 111.02 |
| Daily Pivot Point S3 | 110.47 |
| Daily Pivot Point R1 | 112.72 |
| Daily Pivot Point R2 | 113.27 |
| Daily Pivot Point R3 | 113.85 |
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