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DXY my FOMC analysis and prediction the-uninformed-trader.blogspot.com
DXY DXY 18th December 2024 Daily Analysis based on Main Key Levels
📍 Daily Current Market Price (DCMP): 106.852
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 107.173
Resistance 2: 107.501
Resistance 3: 108.031
✅ Support (Below DCMP):
Support 1: 106.643
Support 2: 105.785
Support 3: 105.255
📉 Swing Levels
Swing High: 108.071
Swing Low: 105.420
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 106.643
🔹 Stop Loss: ❌ 106.113
🔹 Take Profit 1: 🎯 106.906
🔹 Take Profit 2: 🎯 107.173
📌 Reason for Entry: A solid buy opportunity exists at 106.643, with a stop loss placed at 106.113. The first take profit target is 106.906, followed by 107.173. This trade aims to capitalize on the current support level for potential upward movement.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 107.173
🔹 Stop Loss: ❌ 107.501
🔹 Take Profit 1: 🎯 106.906
🔹 Take Profit 2: 🎯 106.643
📌 Reason for Entry: A potential sell setup at 107.173, with the first take profit at 106.906 and a secondary target at 106.643. The stop loss is placed at 107.501 to manage risk effectively. Resistance levels above suggest a good opportunity for a short position.
💡 Summary
DXY is trading at 106.852, with resistance levels at 107.173, 107.501, and 108.031, while support is found at 106.643, 105.785, and 105.255. The swing high is at 108.071, and the swing low is at 105.420. An Intraday Buy is recommended at 106.643, targeting 106.906 and 107.173, while an Intraday Sell is suggested at 107.173, aiming for 106.906 and 106.643.
DXY on 4hrs timeframe RSI is going back again to 60+DXY more upside are coming.
DXY I expect something like this … tradingview.com/x/zwaQMFom
DXY DXY Daily 17th Dec 2024 Analysis based on Main Key Levels
📍 Daily Current Market Price (DCMP): 106.952
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 107.173
Resistance 2: 107.501
Resistance 3: 108.031
✅ Support (Below DCMP):
Support 1: 106.113
Support 2: 105.785
Support 3: 105.255
📉 Swing Levels
Swing High: 108.071
Swing Low: 105.420
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 106.643
🔹 Stop Loss: ❌ 106.113
🔹 Take Profit 1: 🎯 107.173
🔹 Take Profit 2: 🎯 107.501
📌 Reason for Entry: The support at 106.643 offers a good entry point for buying, targeting resistance levels at 107.173 and 107.501.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 107.173
🔹 Stop Loss: ❌ 107.501
🔹 Take Profit 1: 🎯 106.643
🔹 Take Profit 2: 🎯 106.113
📌 Reason for Entry: Resistance at 107.173 indicates a potential reversal, aiming for support levels at 106.643 and 106.113.
💡 Summary
DXY is currently trading at 106.952. Key resistance levels are at 107.173, 107.501, and 108.031, while support levels are at 106.113, 105.785, and 105.255. The swing high is at 108.071, and the swing low is at 105.420. An Intraday Buy trade is recommended at 106.643, targeting 107.173 and 107.501, while an Intraday Sell trade is suggested at 107.173, aiming for 106.643 and 106.113.