DXY meets some resistance around the 104.30 region so far. (Pivot Orderbook analysis)
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- DXY meets some resistance around the 104.30 region so far.
- Extra upside should face the key 200-day SMA near 105.70.
The pair currently trades last at 103.96.
The previous day high was 104.31 while the previous day low was 103.82. The daily 38.2% Fib levels comes at 104.12, expected to provide resistance. Similarly, the daily 61.8% fib level is at 104.01, expected to provide resistance.
DXY retreats for the first session after four consecutive daily gains, putting the 104.00 region to the test at the end of the week.
Further upside appears on the cards in the near term. That said, the next resistance level of note is expected at the key 200-day SMA, today at 105.69 ahead of the 2023 top of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.96 at the time of writing. Pair opened at 104.23 and is trading with a change of -0.26 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.96 |
| 1 | Today Daily Change | 33.00 |
| 2 | Today Daily Change % | -0.26 |
| 3 | Today daily open | 104.23 |
The pair is trading above its 20 Daily moving average @ 102.43, above its 50 Daily moving average @ 102.28 , above its 100 Daily moving average @ 102.86 and below its 200 Daily moving average @ 105.6
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.43 |
| 1 | Daily SMA50 | 102.28 |
| 2 | Daily SMA100 | 102.86 |
| 3 | Daily SMA200 | 105.60 |
The previous day high was 104.31 while the previous day low was 103.82. The daily 38.2% Fib levels comes at 104.12, expected to provide resistance. Similarly, the daily 61.8% fib level is at 104.01, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 103.93, 103.63, 103.44
- Pivot resistance is noted at 104.42, 104.61, 104.91
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 104.31 |
| Previous Daily Low | 103.82 |
| Previous Weekly High | 103.63 |
| Previous Weekly Low | 102.20 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 104.12 |
| Daily Fibonacci 61.8% | 104.01 |
| Daily Pivot Point S1 | 103.93 |
| Daily Pivot Point S2 | 103.63 |
| Daily Pivot Point S3 | 103.44 |
| Daily Pivot Point R1 | 104.42 |
| Daily Pivot Point R2 | 104.61 |
| Daily Pivot Point R3 | 104.91 |
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