DXY keeps the choppiness well and sound so far this week. (Pivot Orderbook analysis)
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- DXY keeps the choppiness well and sound so far this week.
- The loss of the 200-day SMA near 105.00 could accelerate losses.
The pair currently trades last at 106.66.
The previous day high was 107.24 while the previous day low was 106.08. The daily 38.2% Fib levels comes at 106.8, expected to provide resistance. Similarly, the daily 61.8% fib level is at 106.53, expected to provide support.
DXY trades in an inconclusive fashion above the 106.00 mark at the end of the week.
The index appears to have moved into a consolidative phase so far this week. That said, a drop below the November low at 105.34 (November 15) could pave the way for a probable visit to the critical 200-day SMA, today at 105.05.
The loss of this important region should shift the dollar’s outlook to negative, with the immediate support at the August low at 104.63 (August 10).
Technical Levels: Supports and Resistances
EURUSD currently trading at 106.66 at the time of writing. Pair opened at 106.68 and is trading with a change of -0.02 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 106.66 |
| 1 | Today Daily Change | 44.00 |
| 2 | Today Daily Change % | -0.02 |
| 3 | Today daily open | 106.68 |
The pair is trading below its 20 Daily moving average @ 109.32, below its 50 Daily moving average @ 110.95 , below its 100 Daily moving average @ 109.33 and above its 200 Daily moving average @ 105.36
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 109.32 |
| 1 | Daily SMA50 | 110.95 |
| 2 | Daily SMA100 | 109.33 |
| 3 | Daily SMA200 | 105.36 |
The previous day high was 107.24 while the previous day low was 106.08. The daily 38.2% Fib levels comes at 106.8, expected to provide resistance. Similarly, the daily 61.8% fib level is at 106.53, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 106.1, 105.51, 104.93
- Pivot resistance is noted at 107.26, 107.83, 108.42
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 107.24 |
| Previous Daily Low | 106.08 |
| Previous Weekly High | 111.40 |
| Previous Weekly Low | 106.28 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 106.80 |
| Daily Fibonacci 61.8% | 106.53 |
| Daily Pivot Point S1 | 106.10 |
| Daily Pivot Point S2 | 105.51 |
| Daily Pivot Point S3 | 104.93 |
| Daily Pivot Point R1 | 107.26 |
| Daily Pivot Point R2 | 107.83 |
| Daily Pivot Point R3 | 108.42 |
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