DXY surpasses the 114.00 mark and prints new cycle peaks. (Pivot Orderbook analysis)
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- DXY surpasses the 114.00 mark and prints new cycle peaks.
- Immediately to the upside now comes the 115.00 hurdle.
The pair currently trades last at 113.58.
The previous day high was 113.02 while the previous day low was 113.02. The daily 38.2% Fib levels comes at 113.02, expected to provide support. Similarly, the daily 61.8% fib level is at 113.02, expected to provide support.
DXY adds to the ongoing rally and climbs above the 114.00 barrier for the first time since May 2002.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 106.80. That said, occasional bouts of weakness could be deemed as buying opportunities with the immediate target now emerging at the round level at 115.00 ahead of the May 2002 high at 115.32.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.12.
Technical Levels: Supports and Resistances
EURUSD currently trading at 113.58 at the time of writing. Pair opened at 113.02 and is trading with a change of 0.5 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 113.58 |
| 1 | Today Daily Change | 158.00 |
| 2 | Today Daily Change % | 0.50 |
| 3 | Today daily open | 113.02 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 110.04, 50 SMA 108.17, 100 SMA @ 106.27 and 200 SMA @ 102.13.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 110.04 |
| 1 | Daily SMA50 | 108.17 |
| 2 | Daily SMA100 | 106.27 |
| 3 | Daily SMA200 | 102.13 |
The previous day high was 113.02 while the previous day low was 113.02. The daily 38.2% Fib levels comes at 113.02, expected to provide support. Similarly, the daily 61.8% fib level is at 113.02, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 113.02, 113.02, 113.02
- Pivot resistance is noted at 113.02, 113.02, 113.02
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 113.02 |
| Previous Daily Low | 113.02 |
| Previous Weekly High | 113.24 |
| Previous Weekly Low | 109.36 |
| Previous Monthly High | 109.48 |
| Previous Monthly Low | 104.64 |
| Daily Fibonacci 38.2% | 113.02 |
| Daily Fibonacci 61.8% | 113.02 |
| Daily Pivot Point S1 | 113.02 |
| Daily Pivot Point S2 | 113.02 |
| Daily Pivot Point S3 | 113.02 |
| Daily Pivot Point R1 | 113.02 |
| Daily Pivot Point R2 | 113.02 |
| Daily Pivot Point R3 | 113.02 |
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