DXY extends the weekly move higher and retests 101.80. (Pivot Orderbook analysis)
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- DXY extends the weekly move higher and retests 101.80.
- The index appears well supported by the 101.00 region so far.
The pair currently trades last at 101.71.
The previous day high was 101.84 while the previous day low was 101.36. The daily 38.2% Fib levels comes at 101.66, expected to provide support. Similarly, the daily 61.8% fib level is at 101.54, expected to provide support.
DXY picks up further pace and challenges once again the 101.80 region on, or weekly peaks, on Wednesday.
A more serious bullish attempt should clear the monthly high at 102.40 (May 2) to mitigate the downside pressure and allow for a potential advance to the provisional 55- and 100-day SMAs at 102.81 and 102.98, respectively.
On the downside, there is a formidable contention around the 101.00 neighbourhood for the time being.
Looking at the broader picture, while below the 200-day SMA, today at 105.89, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 101.71 at the time of writing. Pair opened at 101.65 and is trading with a change of 0.06 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 101.71 |
| 1 | Today Daily Change | 26.00 |
| 2 | Today Daily Change % | 0.06 |
| 3 | Today daily open | 101.65 |
The pair is trading above its 20 Daily moving average @ 101.62, below its 50 Daily moving average @ 102.68 , below its 100 Daily moving average @ 103.02 and below its 200 Daily moving average @ 105.97
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 101.62 |
| 1 | Daily SMA50 | 102.68 |
| 2 | Daily SMA100 | 103.02 |
| 3 | Daily SMA200 | 105.97 |
The previous day high was 101.84 while the previous day low was 101.36. The daily 38.2% Fib levels comes at 101.66, expected to provide support. Similarly, the daily 61.8% fib level is at 101.54, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 101.4, 101.14, 100.92
- Pivot resistance is noted at 101.88, 102.1, 102.35
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 101.84 |
| Previous Daily Low | 101.36 |
| Previous Weekly High | 102.40 |
| Previous Weekly Low | 101.03 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 101.66 |
| Daily Fibonacci 61.8% | 101.54 |
| Daily Pivot Point S1 | 101.40 |
| Daily Pivot Point S2 | 101.14 |
| Daily Pivot Point S3 | 100.92 |
| Daily Pivot Point R1 | 101.88 |
| Daily Pivot Point R2 | 102.10 |
| Daily Pivot Point R3 | 102.35 |
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