DXY Continue to bear the pressure Idea: DXY:Continue to bear the pressโฆ
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๏ปฟDXY Continue to bear the pressure Idea: DXY:Continue to bear the pressโฆ
DXY That can change trends of EURUSD, GBPUSD, NZDUSD, AUDUSD, USDJPY in the coming days.
DXY taking longs
DXY 99.27 is also a good support
DXY Next Resistance 101.62
DXY Dollar could be Fly if Break Trendlinetradingview.com/x/Yeqybu1c
DXY ๐น DXY Daily Analysis Based on Main Key Levels โ April 15, 2025
Current Market Price (DCMP):
99.752
๐๏ธ Critical Price Zones
Below Price (Support):
Immediate Demand: 99.050 ๐ป
Strategic Floor: 97.982 โ ๏ธ
Swing Low: 98.715 ๐ (4H timeframe)
Above Price (Resistance):
First Supply: 100.779 ๐บ
Key Barrier: 105.305 โ
Swing High: 107.661 ๐ (Daily timeframe)
๐ Technical Drivers
1. Fibonacci Confluence
Bull Scenario: 99.050 aligns with 61.8% retracement of the rally from 98.715โ107.661.
Bear Scenario: 100.779 matches 127% extension of the recent consolidation phase.
2. Momentum Indicators
RSI: Hidden bullish divergence on 4H chart (higher lows vs. price retracement).
MACD: Bullish crossover at 99.305 signals potential upward momentum.
๐ก Intraday Trade Setups
Long Opportunity ๐ข (Intraday Buy)
Entry: 99.050 ๐
Stop Loss: 97.982 ๐
Take Profit 1: 99.752 ๐ฏ
Take Profit 2: 100.779 ๐
Rationale:
Institutional bid cluster at 99.050 (78.6% Fib zone).
Morning star candlestick pattern confirmed on 1H chart.
Short Opportunity ๐ด (Intraday Sell)
Entry: 100.779 ๐
Stop Loss: 105.305 ๐
Take Profit 1: 99.752 ๐ฏ
Take Profit 2: 99.050 ๐
Rationale:
Resistance confluence at 100.779โ105.305 aligns with options-led hedging pressure.
Bearish divergence between price and volume oscillator.
๐ Risk Management Protocol
Use 70% position sizing for long trades below 99.050.
Monitor USD liquidity conditions during NY session open (08:30 EST).
๐ Market Perspective
DXY consolidates between 99.050โ100.779. Focus on reversal patterns at these boundaries with 1:3 risk-reward ratios. A sustained break above 105.305 or below 97.982 would confirm directional bias.
๐ Key Takeaways:
Pivotal battle at 99.050โ100.779 dictates near-term trajectory
Hidden RSI divergence suggests underlying strength
Fed policy expectations and geopolitical risks amplify volatility
DXY on the way to 104
DXY Long term trend still up. ๐
GBPUSD We are good so far! UK UNEMPLOYMENT DATA BREAKDOWN
๐น Forecast: 4.4%
๐น Previous: 4.4%
๐น Release Time: 15 April, 09:00 BST
โ Scenario 1: Actual < Forecast (Bullish GBP) โ 4.3% or lower
- Labour market is stronger than expected.
- Implies economic resilience, potential wage growth, and inflationary pressure persists.
- BoE may delay rate cuts, keeping policy tighter for longer = bullish GBP.
> Expect a bullish spike; market may break above 1.3200 and hold.
โ Scenario 2: Actual > Forecast (Bearish GBP) โ 4.5% or higher
-Labour market weakening.
-Signals economic slowdown โ less wage pressure โ BoE more likely to cut rates.
-Negative for GBP sentiment.
> Expect bearish pressure; likely retest of: 1.3150 โ 1.3120, Below that, next support at 1.3080 โ 1.3050 zone.
Fakeouts are common on this kind of data โ let the first 5โ10 minutes settle. Watch
DXY for further confirmations.