📊 DXY 6th January 2025 Daily Analysis based on Main Key Levels

Current Market Overview

Daily Current Market Price (DCMP): 108.007

Summary of Key Levels

Resistance Levels (Above DCMP):

🔴 R1: 108.046

🔴 R2: 109.417

🔴 R3: 109.840

Support Levels (Below DCMP):

🟢 S1: 107.623

🟢 S2: 106.937

Swing Levels

Swing High: 110.525

Swing Low: 107.739

Technical Analysis

The current market price of 108.007 is positioned between the support level at 107.623 and the resistance level at 108.046. This positioning suggests potential trading opportunities based on key levels.

💹 Trade Setups

🟢 Intraday Buy Trade Setup

📍 Entry Price: 107.623

🛡️ Stop Loss: 106.937

🎯 Take Profit 1: 108.000

💰 Take Profit 2: 108.300

This setup targets the support level, anticipating a price rebound.

🔴 Intraday Sell Trade Setup

📍 Entry Price: 108.046

🛡️ Stop Loss: 109.417

🎯 Take Profit 1: 107.800

💰 Take Profit 2: 107.500

This setup focuses on the resistance level, indicating a potential downward movement.

Additional Technical Insights

Fibonacci Levels: Key Fibonacci retracement levels align closely with support and resistance zones, reinforcing the proposed trade setups.

RSI Divergence: Monitoring RSI can provide insights into overbought or oversold conditions, crucial for optimizing entry and exit points.

MACD Crossing: A MACD crossover may indicate momentum shifts, enhancing the reliability of the trade ideas presented.

Conclusion

The analysis of DXY highlights critical levels that traders should monitor closely. The outlined trade setups provide structured opportunities based on technical analysis, allowing for informed decision-making. By integrating these insights into your trading strategy, you can navigate the market with enhanced confidence.