DXY attempts a moderate recovery although it still trades below 104.00. (Pivot Orderbook analysis)
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- DXY attempts a moderate recovery although it still trades below 104.00.
- The 55-day SMA around 103.50 holds the downside so far.
The pair currently trades last at 103.92.
The previous day high was 104.39 while the previous day low was 103.48. The daily 38.2% Fib levels comes at 103.83, expected to provide support. Similarly, the daily 61.8% fib level is at 104.05, expected to provide resistance.
DXY prints a decent rebound following Monday’s multi-week lows in the mid-103.00s.
Despite the daily bounce, the index remains under pressure and appears still supported by recent lows near 103.50, an area coincident with the provisional 55-day SMA. Below the latter, the dollar could slip back to the weekly low at 102.58 (February 14).
In the meantime, while below the 200-day SMA at 106.63, the outlook for the greenback is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.92 at the time of writing. Pair opened at 103.62 and is trading with a change of 0.29 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.92 |
| 1 | Today Daily Change | 55.00 |
| 2 | Today Daily Change % | 0.29 |
| 3 | Today daily open | 103.62 |
The pair is trading below its 20 Daily moving average @ 104.5, above its 50 Daily moving average @ 103.47 , below its 100 Daily moving average @ 104.55 and below its 200 Daily moving average @ 106.84
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 104.50 |
| 1 | Daily SMA50 | 103.47 |
| 2 | Daily SMA100 | 104.55 |
| 3 | Daily SMA200 | 106.84 |
The previous day high was 104.39 while the previous day low was 103.48. The daily 38.2% Fib levels comes at 103.83, expected to provide support. Similarly, the daily 61.8% fib level is at 104.05, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 103.27, 102.92, 102.36
- Pivot resistance is noted at 104.18, 104.74, 105.09
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 104.39 |
| Previous Daily Low | 103.48 |
| Previous Weekly High | 105.89 |
| Previous Weekly Low | 104.05 |
| Previous Monthly High | 105.36 |
| Previous Monthly Low | 100.81 |
| Daily Fibonacci 38.2% | 103.83 |
| Daily Fibonacci 61.8% | 104.05 |
| Daily Pivot Point S1 | 103.27 |
| Daily Pivot Point S2 | 102.92 |
| Daily Pivot Point S3 | 102.36 |
| Daily Pivot Point R1 | 104.18 |
| Daily Pivot Point R2 | 104.74 |
| Daily Pivot Point R3 | 105.09 |
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