DXY retreats further and prints fresh 2023 lows near 100.80. (Pivot Orderbook analysis)
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- DXY retreats further and prints fresh 2023 lows near 100.80.
- A deeper retracement could see the key 100.00 mark revisited.
The pair currently trades last at 101.02.
The previous day high was 101.6 while the previous day low was 100.85. The daily 38.2% Fib levels comes at 101.14, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.31, expected to provide resistance.
DXY attempts a mild bounce off earlier 2023 lows in the 100.80/75 band at the end of the week.
If bears remain in control, the index could accelerate losses and put the psychological 100.00 mark to the test in the relatively short-term horizon. The loss of this region exposes a potential move to the late-March 2022 lows near 97.70.
Looking at the broader picture, while below the 200-day SMA, today at 106.36, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 101.02 at the time of writing. Pair opened at 101.02 and is trading with a change of 0.0 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 101.02 |
| 1 | Today Daily Change | 25.00 |
| 2 | Today Daily Change % | 0.00 |
| 3 | Today daily open | 101.02 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 102.41, 50 SMA 103.49, 100 SMA @ 103.57 and 200 SMA @ 106.4.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.41 |
| 1 | Daily SMA50 | 103.49 |
| 2 | Daily SMA100 | 103.57 |
| 3 | Daily SMA200 | 106.40 |
The previous day high was 101.6 while the previous day low was 100.85. The daily 38.2% Fib levels comes at 101.14, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.31, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 100.71, 100.4, 99.96
- Pivot resistance is noted at 101.46, 101.9, 102.21
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 101.60 |
| Previous Daily Low | 100.85 |
| Previous Weekly High | 103.06 |
| Previous Weekly Low | 101.41 |
| Previous Monthly High | 105.89 |
| Previous Monthly Low | 101.92 |
| Daily Fibonacci 38.2% | 101.14 |
| Daily Fibonacci 61.8% | 101.31 |
| Daily Pivot Point S1 | 100.71 |
| Daily Pivot Point S2 | 100.40 |
| Daily Pivot Point S3 | 99.96 |
| Daily Pivot Point R1 | 101.46 |
| Daily Pivot Point R2 | 101.90 |
| Daily Pivot Point R3 | 102.21 |
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