DXY gathers traction and reverses two daily drops in a row. (Pivot Orderbook analysis)
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- DXY gathers traction and reverses two daily drops in a row.
- The ongoing rebound should target the 114.00 region near term.
The pair currently trades last at 112.43.
The previous day high was 113.95 while the previous day low was 111.7. The daily 38.2% Fib levels comes at 112.56, expected to provide resistance. Similarly, the daily 61.8% fib level is at 113.09, expected to provide resistance.
DXY reclaims the area beyond 112.00 the figure on Monday after two straight sessions with losses.
The continuation of the recovery should refocus on recent tops near 114.00. The surpass of this level should put a visit to the 2022 top at 114.78 (September 28) back on the radar in the short-term horizon.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 108.20, an area coincident with the 100-day SMA.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.78.
Technical Levels: Supports and Resistances
EURUSD currently trading at 112.43 at the time of writing. Pair opened at 111.9 and is trading with a change of 0.47 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 112.43 |
| 1 | Today Daily Change | 106.00 |
| 2 | Today Daily Change % | 0.47 |
| 3 | Today daily open | 111.90 |
The pair is trading below its 20 Daily moving average @ 112.52, above its 50 Daily moving average @ 110.69 , above its 100 Daily moving average @ 108.22 and above its 200 Daily moving average @ 103.8
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 112.52 |
| 1 | Daily SMA50 | 110.69 |
| 2 | Daily SMA100 | 108.22 |
| 3 | Daily SMA200 | 103.80 |
The previous day high was 113.95 while the previous day low was 111.7. The daily 38.2% Fib levels comes at 112.56, expected to provide resistance. Similarly, the daily 61.8% fib level is at 113.09, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 111.08, 110.26, 108.83
- Pivot resistance is noted at 113.33, 114.77, 115.58
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 113.95 |
| Previous Daily Low | 111.70 |
| Previous Weekly High | 113.95 |
| Previous Weekly Low | 111.70 |
| Previous Monthly High | 114.78 |
| Previous Monthly Low | 107.67 |
| Daily Fibonacci 38.2% | 112.56 |
| Daily Fibonacci 61.8% | 113.09 |
| Daily Pivot Point S1 | 111.08 |
| Daily Pivot Point S2 | 110.26 |
| Daily Pivot Point S3 | 108.83 |
| Daily Pivot Point R1 | 113.33 |
| Daily Pivot Point R2 | 114.77 |
| Daily Pivot Point R3 | 115.58 |
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