DXY navigates with small losses in the low-101.00s on Friday. (Pivot Orderbook analysis)
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- DXY navigates with small losses in the low-101.00s on Friday.
- Once 101.00 is cleared, the index could revisit the YTD low near 100.80.
The pair currently trades last at 101.4.
The previous day high was 101.64 while the previous day low was 101.03. The daily 38.2% Fib levels comes at 101.41, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.26, expected to provide support.
DXY manages to rebound from earlier lows after bears failed to retest/breach the 101./00 support on Friday.
The index remains under pressure despite Thursday’s bullish move. Against that, the next support of note appears at the weekly low at 101.01 (April 26), while the breakdown of this zone could open the door to a probable visit to the 2023 low at 100.78 (April 14)
Looking at the broader picture, while below the 200-day SMA, today at 105.95, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 101.4 at the time of writing. Pair opened at 101.44 and is trading with a change of -0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 101.40 |
| 1 | Today Daily Change | 29.00 |
| 2 | Today Daily Change % | -0.04 |
| 3 | Today daily open | 101.44 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 101.74, 50 SMA 102.89, 100 SMA @ 103.11 and 200 SMA @ 106.07.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 101.74 |
| 1 | Daily SMA50 | 102.89 |
| 2 | Daily SMA100 | 103.11 |
| 3 | Daily SMA200 | 106.07 |
The previous day high was 101.64 while the previous day low was 101.03. The daily 38.2% Fib levels comes at 101.41, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.26, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 101.1, 100.76, 100.49
- Pivot resistance is noted at 101.71, 101.98, 102.32
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 101.64 |
| Previous Daily Low | 101.03 |
| Previous Weekly High | 102.18 |
| Previous Weekly Low | 101.01 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 101.41 |
| Daily Fibonacci 61.8% | 101.26 |
| Daily Pivot Point S1 | 101.10 |
| Daily Pivot Point S2 | 100.76 |
| Daily Pivot Point S3 | 100.49 |
| Daily Pivot Point R1 | 101.71 |
| Daily Pivot Point R2 | 101.98 |
| Daily Pivot Point R3 | 102.32 |
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