DXY advances to new monthly peaks past the 104.00 yardstick. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- DXY advances to new monthly peaks past the 104.00 yardstick.
- The continuation of the upside could revisit the 200-day SMA.
The pair currently trades last at 104.07.
The previous day high was 103.92 while the previous day low was 103.36. The daily 38.2% Fib levels comes at 103.7, expected to provide support. Similarly, the daily 61.8% fib level is at 103.57, expected to provide support.
DXY clinches fresh tops in levels last seen in mid-March past the 104.00 hurdle on Thursday.
Further upside appears on the cards in the near term. That said, the next resistance level of note is expected at the key 200-day SMA, today at 105.71, prior to the 2023 peak of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 104.07 at the time of writing. Pair opened at 103.91 and is trading with a change of 0.15 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 104.07 |
| 1 | Today Daily Change | 33.00 |
| 2 | Today Daily Change % | 0.15 |
| 3 | Today daily open | 103.91 |
The pair is trading above its 20 Daily moving average @ 102.29, above its 50 Daily moving average @ 102.28 , above its 100 Daily moving average @ 102.87 and below its 200 Daily moving average @ 105.63
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.29 |
| 1 | Daily SMA50 | 102.28 |
| 2 | Daily SMA100 | 102.87 |
| 3 | Daily SMA200 | 105.63 |
The previous day high was 103.92 while the previous day low was 103.36. The daily 38.2% Fib levels comes at 103.7, expected to provide support. Similarly, the daily 61.8% fib level is at 103.57, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 103.54, 103.17, 102.98
- Pivot resistance is noted at 104.1, 104.29, 104.66
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 103.92 |
| Previous Daily Low | 103.36 |
| Previous Weekly High | 103.63 |
| Previous Weekly Low | 102.20 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 103.70 |
| Daily Fibonacci 61.8% | 103.57 |
| Daily Pivot Point S1 | 103.54 |
| Daily Pivot Point S2 | 103.17 |
| Daily Pivot Point S3 | 102.98 |
| Daily Pivot Point R1 | 104.10 |
| Daily Pivot Point R2 | 104.29 |
| Daily Pivot Point R3 | 104.66 |
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
