DXY extends the bounce and reclaims the 102.00 mark and above. (Pivot Orderbook analysis)
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- DXY extends the bounce and reclaims the 102.00 mark and above.
- Next on the upside appears the 103.15/20 band.
The pair currently trades last at 102.03.
The previous day high was 101.8 while the previous day low was 101.28. The daily 38.2% Fib levels comes at 101.6, expected to provide support. Similarly, the daily 61.8% fib level is at 101.48, expected to provide support.
DXY adds to Thursday’s gains and surpasses the key barrier at 102.00 the figure at the end of the week.
In the meantime, the index remains broadly side-lined and with a downwards bias. That said, further upside should clear the 103.15/20 band, where the interim 55- and 100-day SMAs coincide to see the bearish perspective somewhat mitigated.
Looking at the broader picture, while below the 200-day SMA, today at 106.07, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 102.03 at the time of writing. Pair opened at 101.48 and is trading with a change of 0.54 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 102.03 |
| 1 | Today Daily Change | 64.00 |
| 2 | Today Daily Change % | 0.54 |
| 3 | Today daily open | 101.48 |
The pair is trading above its 20 Daily moving average @ 101.82, below its 50 Daily moving average @ 103.14 , below its 100 Daily moving average @ 103.24 and below its 200 Daily moving average @ 106.18
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 101.82 |
| 1 | Daily SMA50 | 103.14 |
| 2 | Daily SMA100 | 103.24 |
| 3 | Daily SMA200 | 106.18 |
The previous day high was 101.8 while the previous day low was 101.28. The daily 38.2% Fib levels comes at 101.6, expected to provide support. Similarly, the daily 61.8% fib level is at 101.48, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 101.24, 101.0, 100.72
- Pivot resistance is noted at 101.76, 102.04, 102.29
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 101.80 |
| Previous Daily Low | 101.28 |
| Previous Weekly High | 102.23 |
| Previous Weekly Low | 101.53 |
| Previous Monthly High | 105.89 |
| Previous Monthly Low | 101.92 |
| Daily Fibonacci 38.2% | 101.60 |
| Daily Fibonacci 61.8% | 101.48 |
| Daily Pivot Point S1 | 101.24 |
| Daily Pivot Point S2 | 101.00 |
| Daily Pivot Point S3 | 100.72 |
| Daily Pivot Point R1 | 101.76 |
| Daily Pivot Point R2 | 102.04 |
| Daily Pivot Point R3 | 102.29 |
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