💵 DXY 28th February 2025 Daily Analysis: Core Technical Grid

Current Market Price (DCMP): 🏷️ 106.588

🎯 Critical Price Framework

Resistance (Above Price):

➤ 106.785 🚨 Breakout Catalyst

➤ 107.185 | 107.832

Support (Below Price):

➤ 106.385 🛡️ Strategic Floor

➤ 106.138 | 105.738

Market Structure:

▶ Recent Swing High: 108.523 (Daily timeframe)

▶ Recent Swing Low: 106.126 (Daily timeframe)

⚙️ Technical Architecture

Fib Confluence: 106.385 aligns with 61.8% retracement of 106.126-108.523 rally

RSI Position: 49.3 (Neutral momentum)

MACD Status: Bearish histogram contraction near zero line

Volume Profile: Accelerated selling pressure above 106.785

🎯 Intraday Trade Setups

1️⃣ Buy Opportunity (Support Cluster)

🎯 Entry: 106.385 🔼 Demand Zone

🛑 Stop Loss: 105.738 🔻 (-0.65%)

✅ Take Profit 1: 106.785 🔼 (+0.38%)

✅ Take Profit 2: 107.185 🔼 (+0.75%)

Confirmation: Requires bullish reversal candle at support.

2️⃣ Sell Opportunity (Resistance Zone)

🎯 Entry: 106.785 🔽 Supply Pool

🛑 Stop Loss: 107.432 🔼 (+0.61%)

✅ Take Profit 1: 106.385 🔽 (-0.37%)

✅ Take Profit 2: 106.138 🔽 (-0.61%)

Trigger: Bearish divergence on 4H RSI.

📌 Strategic Outlook

DXY consolidates near 106.385-106.785 pivot zone. Sustained closes above 106.785 could fuel bullish momentum toward 107.832, while breakdown below 106.385 may test 105.738 support. Monitor Fed rate guidance for directional catalysts.