📉 DXY Daily Analysis Based on Main Key Levels - 8 April 2025

Daily Current Market Price (DCMP): 🌟 103.166

Price trades ABOVE immediate support (102.850) but BELOW critical resistance (104.044)

🚨 Critical Price Zones

Resistance (Sell Areas):

🔥 104.044 (61.8% Fib extension + supply cluster)

🔥 104.782 (Multi-session ceiling)

🔥 105.975 (Structural barrier)

Support (Buy Areas):

🛡️ 102.850 (78.6% Fib retracement)

🛡️ 101.657 (Order block confluence)

🛡️ 100.919 (Long-term demand zone)

🔥 Technical Snapshot

Swing Levels:

Daily High: 107.661 | Daily Low: 103.197

4H High: 104.421 | 4H Low: 103.197

Momentum:

RSI at 45 (bearish bias) | MACD histogram below zero line

Price Action:

Descending channel formation below 104.044 with weakening closes

💡 Intraday Trade Setups

📈 Intraday Buy (Long)

🎯 Entry: 🟢 102.850 (Liquidity pool + 88.6% Fib)

🔴 Stop Loss: 🛑 101.657 (Lower timeframe swing low)

✅ Take Profit 1: 💰 103.166 (DCMP retest)

✅ Take Profit 2: 💰 103.903 (Intermediate resistance)

Rationale: Bullish RSI divergence at support with MACD line convergence.

📉 Intraday Sell (Short)

🎯 Entry: 🔴 104.044 (38.2% Fib extension)

🔴 Stop Loss: 🛑 105.975 (Upper structural resistance)

✅ Take Profit 1: 💰 103.063 (4H pivot)

✅ Take Profit 2: 💰 102.224 (Daily support)

Rationale: Bearish rejection at descending trendline with expanding volume.

⚡ Key Observations

DCMP 103.166 aligns with 200HMA (103.150) – critical battle zone.

Volume surge detected at 102.850 support during London session.

Bearish engulfing pattern forming below 104.044 resistance.

Risk Alert: US CPI data release at 08:30 ET – Hot inflation print could trigger 1.5% rally toward 104.782 resistance.