📊DXY 23rd December 2024Daily Analysis Based on Main Key Levels

📍Daily Current Market Price (DCMP)

The current market price for DXY is 108.001.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 108.389

Resistance 2: 108.824

Resistance 3: 109.528

✅ Support (Below DCMP)

Support 1: 107.685

Support 2: 106.981

Support 3: 106.546

📈 Swing Levels

Swing High: 108.071

Swing Low: 106.698

Summary of Analysis

The market is currently positioned at 108.001. Key resistance levels above this price include 108.389, 108.824, and 109.528. Support levels below the DCMP are at 107.685, 106.981, and 106.546. The swing high is noted at 108.071, and the swing low at 106.698.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 107.685

Stop Loss: ❌ 107.485

Take Profit 1: 🎯 107.985

Take Profit 2: 🎯 108.185

📌 Reason for Entry:

The price is approaching a significant support level at 107.685, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 108.389

Stop Loss: ❌ 108.589

Take Profit 1: 🎯 108.189

Take Profit 2: 🎯 107.989

📌 Reason for Entry:

Resistance at 108.389 suggests a potential selling opportunity, with targets set below this level.

This analysis provides essential insights into DXY's key levels and actionable trade opportunities. By monitoring these levels closely, traders can enhance their decision-making process in the current market environment. Happy trading!