DXY 20th February 2025 Daily Analysis: Critical Trade Zones & Execution Strategy 📉

Daily Current Market Price (DCMP): 106.966

🔑 Price Structure

Above DCMP (Resistance/Sell):

Immediate Resistance: 107.294 🚧

Strong Resistance: 107.643 🚨

Swing High: 110.176 (Daily timeframe)

Below DCMP (Support/Buy):

Immediate Support: 106.546 🛡️

Strong Support: 106.085 🎯

Swing Low: 107.500 (4H timeframe)

📊 Technical Drivers

Key Zones:

Buy Trigger: 106.546 | Sell Trigger: 107.294

Fibonacci:

61.8% retracement aligns with 106.546 support.

38.2% extension at 107.294 resistance.

RSI: Neutral at 49, no divergence observed.

MACD: Bearish crossover forming near 107.294 resistance.

💼 Trade Execution

🟢 Intraday Buy Setup

Entry: 106.546 🎯

Stop Loss: 106.085 ❌

Take Profit 1: 106.949 ✅

Take Profit 2: 107.333 ✅

Rationale: Strong confluence at Fib support with bullish reversal patterns.

🔴 Intraday Sell Setup

Entry: 107.294 🎯

Stop Loss: 107.643 ❌

Take Profit 1: 106.831 ✅

Take Profit 2: 106.546 ✅

Rationale: Resistance cluster with MACD confirming bearish momentum.

⚠️ Risk Parameters

Maintain 1:2 risk-reward ratio.

Avoid trading during US CPI data releases.

Trail stops aggressively after TP1 hit.

Key Swing Reference: High at 110.176 | Low at 107.500

🔍 Analysis combines price structure, Fibonacci tools, and momentum indicators for high-probability execution.