DXY reverses the recent weakness and regains the 113.00 mark. (Pivot Orderbook analysis)
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- DXY reverses the recent weakness and regains the 113.00 mark.
- Above the 114.00 region comes the 2022 high near 114.80.
The pair currently trades last at 112.95.
The previous day high was 113.91 while the previous day low was 112.14. The daily 38.2% Fib levels comes at 112.82, expected to provide support. Similarly, the daily 61.8% fib level is at 113.23, expected to provide resistance.
DXY advances markedly and reclaims the area beyond the 113.00 mark at the end of the week.
In case bulls regain the initiative and the index surpasses 114.00, then the next target of note should appear at the 2002 high at 114.78 (September 28) prior to the round level at 115.00.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 107.90.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.27.
Technical Levels: Supports and Resistances
EURUSD currently trading at 112.95 at the time of writing. Pair opened at 112.46 and is trading with a change of 0.44 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 112.95 |
| 1 | Today Daily Change | 98.00 |
| 2 | Today Daily Change % | 0.44 |
| 3 | Today daily open | 112.46 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 112.19, 50 SMA 109.89, 100 SMA @ 107.59 and 200 SMA @ 103.28.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 112.19 |
| 1 | Daily SMA50 | 109.89 |
| 2 | Daily SMA100 | 107.59 |
| 3 | Daily SMA200 | 103.28 |
The previous day high was 113.91 while the previous day low was 112.14. The daily 38.2% Fib levels comes at 112.82, expected to provide support. Similarly, the daily 61.8% fib level is at 113.23, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 111.77, 111.07, 110.0
- Pivot resistance is noted at 113.53, 114.6, 115.3
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 113.91 |
| Previous Daily Low | 112.14 |
| Previous Weekly High | 112.88 |
| Previous Weekly Low | 110.05 |
| Previous Monthly High | 114.78 |
| Previous Monthly Low | 107.67 |
| Daily Fibonacci 38.2% | 112.82 |
| Daily Fibonacci 61.8% | 113.23 |
| Daily Pivot Point S1 | 111.77 |
| Daily Pivot Point S2 | 111.07 |
| Daily Pivot Point S3 | 110.00 |
| Daily Pivot Point R1 | 113.53 |
| Daily Pivot Point R2 | 114.60 |
| Daily Pivot Point R3 | 115.30 |
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