DXY navigates within the recent side-lined trading below 102.00. (Pivot Orderbook analysis)
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- DXY navigates within the recent side-lined trading below 102.00.
- Further losses could put the 2023 low back on the radar.
The pair currently trades last at 101.59.
The previous day high was 102.12 while the previous day low was 101.65. The daily 38.2% Fib levels comes at 101.83, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.94, expected to provide resistance.
DXY extends the move higher and revisits the mid-101.00s following an earlier failed attempt to retake the 102.00 yardstick on Monday.
The recent choppy performance in the index seems to have now refocused back on the downside. Against that, DXY could cling to this consolidative theme ahead of a probable drop to the so far 2023 lows near 100.80 (April 14) ahead of the psychological support at the 100.00 mark.
Looking at the broader picture, while below the 200-day SMA, today at 106.18, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 101.59 at the time of writing. Pair opened at 101.72 and is trading with a change of -0.13 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 101.59 |
| 1 | Today Daily Change | 38.00 |
| 2 | Today Daily Change % | -0.13 |
| 3 | Today daily open | 101.72 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 102.02, 50 SMA 103.31, 100 SMA @ 103.38 and 200 SMA @ 106.27.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.02 |
| 1 | Daily SMA50 | 103.31 |
| 2 | Daily SMA100 | 103.38 |
| 3 | Daily SMA200 | 106.27 |
The previous day high was 102.12 while the previous day low was 101.65. The daily 38.2% Fib levels comes at 101.83, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.94, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 101.54, 101.36, 101.07
- Pivot resistance is noted at 102.01, 102.3, 102.48
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 102.12 |
| Previous Daily Low | 101.65 |
| Previous Weekly High | 102.23 |
| Previous Weekly Low | 101.53 |
| Previous Monthly High | 105.89 |
| Previous Monthly Low | 101.92 |
| Daily Fibonacci 38.2% | 101.83 |
| Daily Fibonacci 61.8% | 101.94 |
| Daily Pivot Point S1 | 101.54 |
| Daily Pivot Point S2 | 101.36 |
| Daily Pivot Point S3 | 101.07 |
| Daily Pivot Point R1 | 102.01 |
| Daily Pivot Point R2 | 102.30 |
| Daily Pivot Point R3 | 102.48 |
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