DXY extends the breakout of the 102.00 level on Tuesday. (Pivot Orderbook analysis)
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- DXY extends the breakout of the 102.00 level on Tuesday.
- The continuation of the bounce could see 102.80 revisited.
The pair currently trades last at 102.22.
The previous day high was 102.19 while the previous day low was 101.59. The daily 38.2% Fib levels comes at 101.96, expected to provide support. Similarly, the daily 61.8% fib level is at 101.82, expected to provide support.
DXY maintains the recovery well in place for the fourth consecutive session and looks to consolidate the recent breakout of the 102.00 hurdle on Tuesday.
If the index breaks above the current range bound trade, it could then confront the weekly high at 102.80 (April 10) prior to the April peak at 103.05 (April 3), an area still propped up by the provisional 55- and 100-day SMAs.
Looking at the broader picture, while below the 200-day SMA, today at 106.03, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 102.22 at the time of writing. Pair opened at 102.1 and is trading with a change of 0.12 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 102.22 |
| 1 | Today Daily Change | 40.00 |
| 2 | Today Daily Change % | 0.12 |
| 3 | Today daily open | 102.10 |
The pair is trading above its 20 Daily moving average @ 101.78, below its 50 Daily moving average @ 103.06 , below its 100 Daily moving average @ 103.18 and below its 200 Daily moving average @ 106.15
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 101.78 |
| 1 | Daily SMA50 | 103.06 |
| 2 | Daily SMA100 | 103.18 |
| 3 | Daily SMA200 | 106.15 |
The previous day high was 102.19 while the previous day low was 101.59. The daily 38.2% Fib levels comes at 101.96, expected to provide support. Similarly, the daily 61.8% fib level is at 101.82, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 101.74, 101.37, 101.14
- Pivot resistance is noted at 102.33, 102.56, 102.92
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 102.19 |
| Previous Daily Low | 101.59 |
| Previous Weekly High | 102.18 |
| Previous Weekly Low | 101.01 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 101.96 |
| Daily Fibonacci 61.8% | 101.82 |
| Daily Pivot Point S1 | 101.74 |
| Daily Pivot Point S2 | 101.37 |
| Daily Pivot Point S3 | 101.14 |
| Daily Pivot Point R1 | 102.33 |
| Daily Pivot Point R2 | 102.56 |
| Daily Pivot Point R3 | 102.92 |
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