📊 DXY 19th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 103.559

Key Levels:

Resistance (Above DCMP): 103.682 🚨

Support (Below DCMP): 103.350 🛡️

Swing Levels (Daily/4H Timeframe):

Swing High: 107.661

Swing Low: 106.126

📉 Technical Snapshot

Critical Price Zones & Indicators

Fib Retracement: Price consolidates near the 61.8% retracement level (103.350–103.682), signaling a decisive breakout zone.

RSI: Neutral at 52 on 4H charts, with bearish divergence forming on shorter timeframes.

MACD: Bearish crossover on daily charts, indicating weakening upward momentum.

💡 Intraday Trade Setup

1️⃣ Intraday Buy Trade 🟢

Entry: 103.350 📍 (Key Support & Fib Level)

Stop Loss: 103.144 🛑 (Below Immediate Support)

Take Profit 1: 103.559 🎯 (DCMP Retest)

Take Profit 2: 103.667 🎯 (Near-Term Resistance)

Rationale:

Strong alignment of weekly pivot support (103.350) and 61.8% Fib retracement.

Oversold RSI conditions on 15M charts suggest rebound potential.

2️⃣ Intraday Sell Trade 🔴

Entry: 103.682 📍 (Key Resistance & Fib Extension)

Stop Loss: 104.014 🛑 (Above Swing High)

Take Profit 1: 103.559 🎯 (DCMP Pullback)

Take Profit 2: 103.189 🎯 (Next Support Zone)

Rationale:

Price rejection likely at 103.682 (major Fib extension + resistance cluster).

Declining volume during upward retests reinforces bearish bias.

🌐 Market Dynamics

Bullish Trigger: Sustained close above 103.682 could target 104.014 (next resistance).

Bearish Risk: Breakdown below 103.350 may accelerate selling toward 103.144 (Swing Low).

📌 Technical Indicators

Bollinger Bands: Price trades near the middle band (103.559), indicating consolidation.

Volume Profile: Thin liquidity between 103.350–103.682 increases volatility risks.

ADR (Average Daily Range): 0.6% aligns with moderate intraday volatility.

🔑 Final Outlook

DXY faces immediate resistance at 103.682 and critical support at 103.350. Traders should:

Buy Dips toward 103.350 with stops below 103.144.

Sell Rallies near 103.682, targeting a retest of DCMP (103.559).

⚠️ Key Insight: DCMP (103.559) acts as a pivot – failure to hold this level may trigger a retest of 103.144 (Swing Low).