📊 DXY 3rd January 2025 Daily Analysis Based on Main Key Levels
- Kiran Kumar Alla
- Jan 3
- 1 min read
Current Market Price (DCMP)
As of now, the Daily Current Market Price (DCMP) for DXY is 109.102.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 109.502
Resistance 2: 108.380
Resistance 3: 108.616
✅ Support (Below DCMP)
Support 1: 108.616
Support 2: 107.761
Support 3: 107.378
📉 Swing Levels
Swing High: 110.285
Swing Low: 105.420
📋 Summary of Analysis
The current market price of 109.102 indicates that key resistance levels above this price include 109.502, 108.380, and 108.616. The support levels below this price are 108.616, 107.761, and 107.378. The swing high stands at 110.285, while the swing low is at 105.420.
💼 Suggested Trades
📈 Intraday Buy Trade
Entry Price: ✨ 108.616
Stop Loss: ❌ 107.378
Take Profit 1: 🎯 109.102
Take Profit 2: 🎯 109.502
📌 Reason for Entry
The price is approaching a key support level at 108.616, presenting a favorable buying opportunity based on technical analysis.
📉 Intraday Sell Trade
Entry Price: ✨ 109.502
Stop Loss: ❌ 109.802
Take Profit 1: 🎯 109.102
Take Profit 2: 🎯 108.380
📌 Reason for Entry
Resistance at 109.502 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! 🚀
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