DXY gives away part of Friday’s strong advance and returns below 113.00. (Pivot Orderbook analysis)
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- DXY gives away part of Friday’s strong advance and returns below 113.00.
- The index appears to have moved into a 112.00-114.00 consolidation.
The pair currently trades last at 112.93.
The previous day high was 113.42 while the previous day low was 112.17. The daily 38.2% Fib levels comes at 112.94, expected to provide resistance. Similarly, the daily 61.8% fib level is at 112.65, expected to provide support.
DXY comes under moderate selling pressure and slips back to the sub-113.00 region on Monday.
The index looks poised to navigate within a 112.00-114.00 range at least in the very near term, namely the next FOMC event.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 108.00.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.35.
Technical Levels: Supports and Resistances
EURUSD currently trading at 112.93 at the time of writing. Pair opened at 113.3 and is trading with a change of -0.33 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 112.93 |
| 1 | Today Daily Change | 53.00 |
| 2 | Today Daily Change % | -0.33 |
| 3 | Today daily open | 113.30 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 112.38, 50 SMA 110.03, 100 SMA @ 107.71 and 200 SMA @ 103.37.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 112.38 |
| 1 | Daily SMA50 | 110.03 |
| 2 | Daily SMA100 | 107.71 |
| 3 | Daily SMA200 | 103.37 |
The previous day high was 113.42 while the previous day low was 112.17. The daily 38.2% Fib levels comes at 112.94, expected to provide resistance. Similarly, the daily 61.8% fib level is at 112.65, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 112.5, 111.71, 111.25
- Pivot resistance is noted at 113.76, 114.22, 115.02
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 113.42 |
| Previous Daily Low | 112.17 |
| Previous Weekly High | 113.91 |
| Previous Weekly Low | 112.14 |
| Previous Monthly High | 114.78 |
| Previous Monthly Low | 107.67 |
| Daily Fibonacci 38.2% | 112.94 |
| Daily Fibonacci 61.8% | 112.65 |
| Daily Pivot Point S1 | 112.50 |
| Daily Pivot Point S2 | 111.71 |
| Daily Pivot Point S3 | 111.25 |
| Daily Pivot Point R1 | 113.76 |
| Daily Pivot Point R2 | 114.22 |
| Daily Pivot Point R3 | 115.02 |
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