DXY 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 103.507

Price Context: Trading below resistance at 104.976 🔥 and above support at 103.407 🛡️.

📊 Critical Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R1: 104.976 🎯 (Immediate Supply Zone)

R2: 106.544

R3: 109.082

Support Levels (Below DCMP):

S1: 103.407 🎯 (Strong Demand Cluster)

S2: 102.438

S3: 100.870

Swing High/Low:

Recent Swing High: 107.661 📈

Recent Swing Low: 106.126 📉

📈 Technical Drivers

1. Fibonacci Confluence:

S1 (103.407) aligns with the 61.8% Fib retracement of the 106.126–107.661 swing, indicating institutional bid interest.

R1 (104.976) coincides with the 127% Fib extension level, creating a tactical sell zone.

2. Momentum Indicators:

RSI: Bullish divergence forming at 44.8 on 4H charts.

MACD: Histogram shows weakening bearish momentum near zero-line.

🚨 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 103.407 🎯 (Cluster Support)

Stop Loss: 102.438 🛑

Take Profit 1: 104.035 ✅

Take Profit 2: 104.347 ✅

Rationale: Strong confluence at S1 with RSI reversal pattern and MACD baseline support.

Trade Idea 2: Intraday Sell

Entry: 104.976 🎯 (Supply Zone)

Stop Loss: 106.544 🛑

Take Profit 1: 103.842 ✅

Take Profit 2: 103.407 ✅

Rationale: R1 aligns with bearish order block and 1D volume gap fill.

⚠️ Risk Management Protocol

Tighten stops if price breaches 106.126 (swing low) or 107.661 (swing high).

Monitor Fed Chair speech (Mar 12) and US CPI data (Mar 14).

Final Outlook

DXY consolidates between 103.407–104.976. Focus on trades at tested levels with 1:3 risk-reward ratios. A sustained break above 106.544 or below 102.438 may trigger trend acceleration.