📊 DXY 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will evaluate the current state of the DXY market, identifying key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for DXY is 108.237. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 108.389

Resistance 2: 108.824

Resistance 3: 109.528

✅ Support (Below DCMP)

Support 1: 107.685

Support 2: 106.981

Support 3: 106.546

📉 Swing Levels

Swing High: 108.071

Swing Low: 106.698

Summary of Analysis

The DXY market is currently positioned at 108.237. Key resistance levels above this price include 108.389, 108.824, and 109.528. The support levels below this price are 107.685, 106.981, and 106.546. The swing high is at 108.071, and the swing low is at 106.698.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 108.389

Stop Loss: ❌ 108.000

Take Profit 1: 🎯 108.700

Take Profit 2: 🎯 108.900

📌 Reason for Entry

The price is approaching a key resistance level at 108.389, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 107.685

Stop Loss: ❌ 108.000

Take Profit 1: 🎯 107.300

Take Profit 2: 🎯 107.000

📌 Reason for Entry

Resistance at 107.685 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise overview of key levels and trade opportunities for DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!