📊 DXY Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for DXY is 108.922.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 108.233

🛑 Resistance 2: 108.380

🛑 Resistance 3: 108.616

Support (Below DCMP)

✅ Support 1: 108.616

✅ Support 2: 107.614

✅ Support 3: 107.378

Swing Levels

📈 Swing High: 108.541

📉 Swing Low: 105.420

Summary of Analysis

The current market price of 108.922 indicates that the key resistance levels above this price are 108.233, 108.380, and 108.616, while the support levels below are 108.616, 107.614, and 107.378. The swing high stands at 108.541, and the swing low is at 105.420.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 108.616

Stop Loss: ❌ 107.614

Take Profit 1: 🎯 109.502

Take Profit 2: 🎯 110.285

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: ❌ 108.616

Take Profit 1: 🎯 108.380

Take Profit 2: 🎯 108.233

Reason for Entry:

Resistance at 109.502 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 DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀