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DXY prepared to frame shorts off the daily ifvg towards the weekly fvg short term. ideally a ldn hotd today
DXY us dollor is hit 100 % CONFIRM tradingview.com/x/sWWz3s9M
DXY Great traders don’t predict the future; they prepare for it. Adapt and thrive!
DXY us dollor is up to 108.500 confirm tradingview.com/x/ppk6bQch
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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.