🎯 DXY 31st January 2025 Daily Analysis Based on Main Key Levels

The DXY (US Dollar Index) is currently trading at a Daily Current Market Price (DCMP) of 108.072. Below this level, the market finds support, while above it, resistance levels come into play. Here’s a detailed analysis of key levels, swing highs/lows, and actionable trade setups based on technical and fundamental analysis.

Key Levels Summary

Below DCMP (108.072) – Support Levels

BUY/Support1: 107.191

BUY/Support2: 106.660

BUY/Support3: 105.800

Above DCMP (108.072) – Resistance Levels

SELL/Resistance1: 108.910

SELL/Resistance2: 109.441

SELL/Resistance3: 110.300

Swing High and Swing Low

Swing High: 110.176

Swing Low: 108.602

Technical Analysis Overview

Pivot Levels: The intraday pivot is at 108.050, acting as a critical level for price action.

Fibonacci Levels: Key retracement and extension levels align with the support and resistance zones mentioned above.

RSI Divergence: No significant divergence observed, indicating a balanced momentum.

MACD Crossing: The MACD is hovering near the zero line, suggesting a potential breakout or reversal depending on price action.

Trade Setups

Intraday Buy Trade Setup

Entry Price: 🎯 108.050

Stop Loss: 🛑 107.691

Take Profit 1: 🎯 108.910

Take Profit 2: 🎯 109.441

Rationale: The price is near the pivot level, which aligns with the BUY/Support1 zone. A bounce from this level offers a favorable risk-reward setup.

Intraday Sell Trade Setup

Entry Price: 🎯 108.910

Stop Loss: 🛑 109.441

Take Profit 1: 🎯 108.050

Take Profit 2: 🎯 107.191

Rationale: The SELL/Resistance1 level at 108.910 is a strong resistance zone. A rejection here could lead to a pullback toward support levels.

Conclusion

The DXY is currently trading within a defined range, with key support at 107.191 and resistance at 108.910. Traders should watch for price action around these levels for potential intraday opportunities. The swing high at 110.176 and swing low at 108.602 provide additional context for broader market direction.