The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges lower and remains capped below the 100.00 level at the time of writing on Monday after the Taiwan Dollar (TWD) surges over 5% and triggers a spillover effect in Asian currencies...
US Dollar Index forum
๏ปฟThe US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges lower and remains capped below the 100.00 level at the time of writing on Monday after the Taiwan Dollar (TWD) surges over 5% and triggers a spillover effect in Asian currencies...
๐ต๐ DXY Daily Analysis Based on Main Key Levels - May 5, 2025
Market Snapshot
Daily Current Market Price (DCMP): 99.620
Resistance Above: 99.771 ๐ (Immediate), 100.334 (Strong)
Support Below: 99.280 ๐ก๏ธ (Critical), 98.860 (Next)
Market Structure
Swing High: 101.245 (Key ceiling)
Swing Low: 98.297 (Key floor)
Price Action: Testing support cluster near 99.280-99.620 zone
Trade Setups
Trade Setup 1: Intraday Buy ๐ข
Entry: 99.280 ๐ฏ
Stop Loss: 98.860 โ
Take Profit 1: 99.620 โ
Take Profit 2: 99.771 โ
Confluence: 61.8% Fib support + bullish MACD crossover
Trade Setup 2: Intraday Sell ๐ด
Entry: 99.771 ๐ฏ
Stop Loss: 100.334 โ
Take Profit 1: 99.280 โ
Take Profit 2: 98.860 โ
Confluence: Triple resistance zone + overbought RSI
Technical Indicators
RSI: 48 (Neutral but approaching support)
MACD: Showing potential bullish momentum reversal
Price Channels: Trading near lower boundary of daily range
Conclusion
DXY presents clear trading opportunities between 99.280 support and 99.771 resistance. Range-bound strategies favored until breakout confirmation.
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is attempting to recover after opening with a gap down. The DXY is trading near 99.80 at the time of...
Idea: DXY:Sharing of the Latest Tradโฆ
Entry ๐ : "The heist is on! Wait for the Crossing previous high (100.400) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries.
๐I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss ๐: "๐ Yo, listen up! ๐ฃ๏ธ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout ๐. You feel me? Now, if you're smart, you'll place that stop loss where I told you to ๐, but if you're a rebel, you can put it wherever you like ๐คช - just don't say I didn't warn you โ ๏ธ. You're playin' with fire ๐ฅ, and it's your risk, not mine ๐."
๐ Thief SL placed at the nearest/swing low level Using the 2H timeframe (99.000) Day/swing trade basis.
๐ SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
๐ดโโ ๏ธTarget ๐ฏ: 102.300

Idea: DXY:Sharing of the Trading Strโฆ