📊 DXY 2nd January 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for DXY is 108.314.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 108.233

Resistance 2: 108.380

Resistance 3: 108.616

✅ Support (Below DCMP)

Support 1: 108.036

Support 2: 107.761

Support 3: 107.614

📉 Swing Levels

Swing High: 108.541

Swing Low: 105.420

📋 Summary of Analysis

The current market price of 108.314 indicates that key resistance levels above this price include 108.233, 108.380, and 108.616. The support levels below this price are 108.036, 107.761, and 107.614. The swing high is at 108.541, while the swing low is at 105.420.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 108.233

Stop Loss: ❌ 108.036

Take Profit 1: 🎯 108.300

Take Profit 2: 🎯 108.380

📌 Reason for Entry

The price is approaching a key support level at 108.233, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 108.380

Stop Loss: ❌ 108.616

Take Profit 1: 🎯 108.300

Take Profit 2: 🎯 108.233

📌 Reason for Entry

Resistance at 108.380 indicates a potential selling opportunity, with targets set below this level.

📝 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀