📊 DXY 30th December 2024 Daily Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the DXY as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.

📍 Daily Current Market Price (DCMP)

The current market price for the DXY is 107.998. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 108.233

Resistance 2: 108.380

Resistance 3: 108.616

✅ Support (Below DCMP)

Support 1: 107.761

Support 2: 107.614

Support 3: 107.378

📉 Swing Levels

Swing High: 108.541

Swing Low: 105.420

Summary of Analysis

As of the current market price of 107.998, key resistance levels above this price include 108.233, 108.380, and 108.616. The support levels below this price are 107.761, 107.614, and 107.378. Additionally, the swing high is at 108.541, and the swing low is at 105.420.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 107.761

Stop Loss: ❌ 107.614

Take Profit 1: 🎯 107.998

Take Profit 2: 🎯 108.233

📌 Reason for Entry

The price is approaching a key support level at 107.761, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 108.233

Stop Loss: ❌ 108.616

Take Profit 1: 🎯 107.998

Take Profit 2: 🎯 108.380

📌 Reason for Entry

Resistance at 108.233 suggests a potential selling opportunity, with targets set below this level.

Conclusion

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