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DXY 📊 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.
DXY might fall to 105.200 area for support......Good Luck
DXY tradingview.com/x/icXBHuagSell DXY Upto 108.600 then buy from their with target 109.500
follow my professional profile to be updated about next trades on any currency.
DXY Fear and greed are your enemies; knowledge and discipline are your allies.
Sharing some valuable information for those who are trading 
XAUUSD and playing the long-term game. Read carefully through all the information provided.
XAUUSD is still following our long-term analysis posted on November 27th.
Check here: Idea:XAUUSD
We are pretty much following the analysis spot on. We are ignoring the noise and sticking to our trading plan.
After XAUUSD made it’s way to 2714 we are extremely bearish on it.
As of now, we have made a pullback up to 2665 which is around our KL (Key Level). We will continue shorting gold at it’s pullbacks as theDXY is not showing any signs of exhaustion.
As said last month, DXY will continue to dominate in Q1 of 2025 resulting in more sells on XAUUSD. Long-term target is sitting at 2480.
Thank you for your amazing support.
FxPocket
XAUUSD and playing the long-term game. Read carefully through all the information provided.XAUUSD is still following our long-term analysis posted on November 27th.
Check here: Idea:XAUUSD
We are pretty much following the analysis spot on. We are ignoring the noise and sticking to our trading plan.
After XAUUSD made it’s way to 2714 we are extremely bearish on it.
As of now, we have made a pullback up to 2665 which is around our KL (Key Level). We will continue shorting gold at it’s pullbacks as the
DXY is not showing any signs of exhaustion.As said last month, DXY will continue to dominate in Q1 of 2025 resulting in more sells on XAUUSD. Long-term target is sitting at 2480.
Thank you for your amazing support.
FxPocket
DXY 📊 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! 🚀
DXY i shared dxy update , see itIdea:DXY - ANALYSIS