DXY 3rd February 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) for DXY stands at 109.483. Below this level, the market finds support, while above it, resistance levels come into play. The analysis is based on key technical levels, including pivots, Fibonacci retracement, and extensions, alongside RSI divergence and MACD crossovers.

Key Levels:

Below DCMP (109.483):

Support 1: 108.998

Support 2: 107.402

Above DCMP (109.483):

Resistance 1: 109.608

Resistance 2: 110.176

Swing High and Low:

Swing High: 110.176

Swing Low: 107.500

Trade Setups:

Intraday Buy Trade:

Entry: 108.998 📈

Stop Loss: Below 107.402 🛑

Take Profit 1: 109.483 (DCMP) 🎯

Take Profit 2: 109.608 (Resistance 1) 🎯

Intraday Sell Trade:

Entry: 109.608 📉

Stop Loss: Above 110.176 🛑

Take Profit 1: 109.483 (DCMP) 🎯

Take Profit 2: 108.998 (Support 1) 🎯

Technical Indicators:

RSI: Neutral, showing no significant divergence.

MACD: Potential crossover signal, indicating a shift in momentum.

Summary:

The DXY market is currently trading at 109.483, with immediate support at 108.998 and resistance at 109.608. Traders can consider intraday buy opportunities near support levels and sell opportunities at resistance levels. The swing high and low levels at 110.176 and 107.500, respectively, provide a broader context for market direction.