DXY gives some signs of life and reclaims 107.00 and above. (Pivot Orderbook analysis)
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- DXY gives some signs of life and reclaims 107.00 and above.
- Immediately to the downside emerges the 200-day SMA at 105.00.
The pair currently trades last at 106.96.
The previous day high was 106.79 while the previous day low was 105.86. The daily 38.2% Fib levels comes at 106.21, expected to provide support. Similarly, the daily 61.8% fib level is at 106.43, expected to provide support.
DXY reverses two daily drops in a row and manages to reclaim the area above the 107.00 mark on Thursday.
Despite the bounce, the index still remains under scrutiny. That said, a breach of the November low at 105.34 (November 15) should prompt DXY to extend losses to the critical 200-day SMA, today at 105.00. The loss of this important region could put a potential drop to the August low at 104.63 (August 10) back on the radar.
Below the 200-day SMA, the dollar’s outlook should shift to negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 106.96 at the time of writing. Pair opened at 106.29 and is trading with a change of 0.63 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 106.96 |
| 1 | Today Daily Change | 104.00 |
| 2 | Today Daily Change % | 0.63 |
| 3 | Today daily open | 106.29 |
The pair is trading below its 20 Daily moving average @ 109.47, below its 50 Daily moving average @ 111.01 , below its 100 Daily moving average @ 109.34 and above its 200 Daily moving average @ 105.3
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 109.47 |
| 1 | Daily SMA50 | 111.01 |
| 2 | Daily SMA100 | 109.34 |
| 3 | Daily SMA200 | 105.30 |
The previous day high was 106.79 while the previous day low was 105.86. The daily 38.2% Fib levels comes at 106.21, expected to provide support. Similarly, the daily 61.8% fib level is at 106.43, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 105.83, 105.38, 104.9
- Pivot resistance is noted at 106.77, 107.25, 107.7
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 106.79 |
| Previous Daily Low | 105.86 |
| Previous Weekly High | 111.40 |
| Previous Weekly Low | 106.28 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 106.21 |
| Daily Fibonacci 61.8% | 106.43 |
| Daily Pivot Point S1 | 105.83 |
| Daily Pivot Point S2 | 105.38 |
| Daily Pivot Point S3 | 104.90 |
| Daily Pivot Point R1 | 106.77 |
| Daily Pivot Point R2 | 107.25 |
| Daily Pivot Point R3 | 107.70 |
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