DXY adds to the ongoing rebound and approaches 108.00. (Pivot Orderbook analysis)
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- DXY adds to the ongoing rebound and approaches 108.00.
- Further upside could see the 100-day SMA near 109.20 revisited.
The pair currently trades last at 107.76.
The previous day high was 106.97 while the previous day low was 106.94. The daily 38.2% Fib levels comes at 106.95, expected to provide support. Similarly, the daily 61.8% fib level is at 106.96, expected to provide support.
DXY advances for the third session in a row and trades at shouting distance from the key barrier at 108.00 on Monday.
The continuation of the uptrend targets the temporary hurdle at the 100-day SMA, today at 109.18, prior to the resistance line around 109.70. The surpass of the latter could prompt gains to pick up pace in the short-term horizon.
While above the key 200-day SMA at 105.11, the outlook for the index should remain constructive. This region is also reinforced by the November low at 105.34 (November 15).
Technical Levels: Supports and Resistances
EURUSD currently trading at 107.76 at the time of writing. Pair opened at 106.94 and is trading with a change of 0.77 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 107.76 |
| 1 | Today Daily Change | 102.00 |
| 2 | Today Daily Change % | 0.77 |
| 3 | Today daily open | 106.94 |
The pair is trading below its 20 Daily moving average @ 108.72, below its 50 Daily moving average @ 110.78 , below its 100 Daily moving average @ 109.31 and above its 200 Daily moving average @ 105.52
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 108.72 |
| 1 | Daily SMA50 | 110.78 |
| 2 | Daily SMA100 | 109.31 |
| 3 | Daily SMA200 | 105.52 |
The previous day high was 106.97 while the previous day low was 106.94. The daily 38.2% Fib levels comes at 106.95, expected to provide support. Similarly, the daily 61.8% fib level is at 106.96, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 106.93, 106.92, 106.9
- Pivot resistance is noted at 106.96, 106.98, 106.99
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 106.97 |
| Previous Daily Low | 106.94 |
| Previous Weekly High | 107.27 |
| Previous Weekly Low | 105.32 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 106.95 |
| Daily Fibonacci 61.8% | 106.96 |
| Daily Pivot Point S1 | 106.93 |
| Daily Pivot Point S2 | 106.92 |
| Daily Pivot Point S3 | 106.90 |
| Daily Pivot Point R1 | 106.96 |
| Daily Pivot Point R2 | 106.98 |
| Daily Pivot Point R3 | 106.99 |
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