US DOLLAR CURRENCY INDEX forum
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DXY Pay attention to the key support level and go long at the low position. Idea: DXY:Focus on the key support lโฆ
DXY it will be very funny if the montly candle closes with small bottom wick ๐
DXY ๐ DXY Daily Analysis Based on Main Key Levels - 8 April 2025
Daily Current Market Price (DCMP): ๐ 103.166
Price trades ABOVE immediate support (102.850) but BELOW critical resistance (104.044)
๐จ Critical Price Zones
Resistance (Sell Areas):
๐ฅ 104.044 (61.8% Fib extension + supply cluster)
๐ฅ 104.782 (Multi-session ceiling)
๐ฅ 105.975 (Structural barrier)
Support (Buy Areas):
๐ก๏ธ 102.850 (78.6% Fib retracement)
๐ก๏ธ 101.657 (Order block confluence)
๐ก๏ธ 100.919 (Long-term demand zone)
๐ฅ Technical Snapshot
Swing Levels:
Daily High: 107.661 | Daily Low: 103.197
4H High: 104.421 | 4H Low: 103.197
Momentum:
RSI at 45 (bearish bias) | MACD histogram below zero line
Price Action:
Descending channel formation below 104.044 with weakening closes
๐ก Intraday Trade Setups
๐ Intraday Buy (Long)
๐ฏ Entry: ๐ข 102.850 (Liquidity pool + 88.6% Fib)
๐ด Stop Loss: ๐ 101.657 (Lower timeframe swing low)
โ Take Profit 1: ๐ฐ 103.166 (DCMP retest)
โ Take Profit 2: ๐ฐ 103.903 (Intermediate resistance)
Rationale: Bullish RSI divergence at support with MACD line convergence.
๐ Intraday Sell (Short)
๐ฏ Entry: ๐ด 104.044 (38.2% Fib extension)
๐ด Stop Loss: ๐ 105.975 (Upper structural resistance)
โ Take Profit 1: ๐ฐ 103.063 (4H pivot)
โ Take Profit 2: ๐ฐ 102.224 (Daily support)
Rationale: Bearish rejection at descending trendline with expanding volume.
โก Key Observations
DCMP 103.166 aligns with 200HMA (103.150) โ critical battle zone.
Volume surge detected at 102.850 support during London session.
Bearish engulfing pattern forming below 104.044 resistance.
Risk Alert: US CPI data release at 08:30 ET โ Hot inflation print could trigger 1.5% rally toward 104.782 resistance.
DXY will Strong in Future next 104_105 coming up few weeks
Calmer heads prevailing today; DXY up, 
10Y1! down, equity drawdown 
SPY, 
QQQ, 
IWM sane compared to prior two sessions. Let's see if 
UVXY can break down. Volume already trending in that direction, so is momentum on the 1H chart.
DXY up, 10Y1! down, equity drawdown SPY, QQQ, IWM sane compared to prior two sessions. Let's see if UVXY can break down. Volume already trending in that direction, so is momentum on the 1H chart.
DXY Evening trading: Continue targeting short positions on reboundsIdea: DXY:Still go short on the evenโฆ