📈 DXY 21st March 2025 Daily Analysis Based on Main Key Levels

📌 Daily Current Market Price (DCMP): 103.888

DXY trades below immediate resistance at 104.014 and above support at 103.682.

🔍 Key Market Structure

▶ Resistance Zones

Near-Term Barrier: 104.014 🟡

Strong Resistance: 104.552 🔴

▶ Support Zones

Immediate Floor: 103.682 🟢

Critical Base: 103.350 🔴

▶ Swing Levels (Daily/4H)

Swing High: 107.661 🔼

Swing Low: 106.126 🔽

📊 Technical Drivers

RSI: Neutral at 51, no divergence observed.

MACD: Bearish momentum fading near the signal line.

Fib Levels: 61.8% retracement at 103.440; 127% extension at 104.249.

🎯 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

Entry: 103.682 🟢

Stop Loss: 103.350 🔴

Take Profit 1: 103.940 🟡

Take Profit 2: 104.249 🟢

Rationale: Fib 61.8% support (103.682) aligns with historical accumulation zones. MACD hints at bullish reversal signals near this level.

2️⃣ Intraday Sell Setup

Entry: 104.014 🔴

Stop Loss: 104.552 🟡

Take Profit 1: 103.440 🟢

Take Profit 2: 103.249 🔴

Rationale: Fib 127% extension (104.014) converges with multi-session resistance. RSI shows overbought signals near this zone.

⚠️ Risk Management Protocol

Activate trailing stops if price closes above 104.552 or below 103.350.

Close 50% of positions at TP1 to lock profits.

🔮 Strategic Insight

DXY consolidates between 103.682-104.014. Prioritize:

Buying dips toward 103.682 with bullish candlestick confirmation (e.g., bullish engulfing patterns)

Selling rallies near 104.014 with volume-backed rejection signals