📊 DXY 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of the DXY index as of December 31, 2024. The Daily Current Market Price (DCMP) for DXY is 107.878. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 108.233

Resistance 2: 108.380

Resistance 3: 108.616

✅ Support (Below DCMP)

Support 1: 107.761

Support 2: 107.614

Support 3: 107.378

📉 Swing Levels

Swing High: 108.541

Swing Low: 106.698

Summary of Analysis

As of the current market price of 107.878, key resistance levels above this price include 108.233, 108.380, and 108.616. The support levels below this price are 107.761, 107.614, and 107.378. The swing high is at 108.541, and the swing low is at 106.698.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 107.761

Stop Loss: ❌ 107.614

Take Profit 1: 🎯 107.997

Take Profit 2: 🎯 108.233

📌 Reason for Entry

The price is approaching a key support level at 107.761, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 107.997

Stop Loss: ❌ 108.233

Take Profit 1: 🎯 107.878

Take Profit 2: 🎯 108.380

📌 Reason for Entry

Resistance at 107.997 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 the DXY index. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!