💹📉 DXY 4th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 106.279

Market Context:

Trading above immediate support at 106.168

Facing key resistance at 106.531

🎯 Critical Technical Levels

Resistance (Sell Zones):

🔥 106.531 (Fib-Confluence Barrier) | 🔥 107.703 (Upper Boundary)

Support (Buy Zones):

🛡️ 106.168 (Demand Cluster) | 🛡️ 105.582 (Strategic Floor)

Swing Levels:

Recent Swing High: 108.523

Recent Swing Low: 106.126

🔍 Technical Drivers

Price-Fibonacci Confluence:

38.2% Retracement aligns with 106.168 support

61.8% Extension converges at 106.531 resistance

Momentum Indicators:

RSI: 62 (bullish but nearing overbought)

MACD: Bearish crossover forming on 4H chart

💡 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup: Support Bounce Play

🎯 Entry: 106.168 (Fib 38.2% + Order Block)

🚫 Stop Loss: 105.582 (Below Swing Low)

✅ TP1: 106.531 (Immediate Resistance)

✅ TP2: 107.281 (Liquidity Zone)

2️⃣ Intraday Sell Setup: Resistance Rejection

🎯 Entry: 106.531 (Confluence: Fib 61.8% + Supply Zone)

🚫 Stop Loss: 107.540 (Above Swing High)

✅ TP1: 106.168 (Key Support)

✅ TP2: 105.768 (Downside Target)

📊 Market Sentiment Outlook

Price consolidates between 106.168-106.531. Break above 106.531 could trigger rally toward 107.703, while failure to hold 106.168 risks test of 105.582.

⚠️ Risk Management Protocol

Event Watch: Fed Policy Minutes (March 5)

Position Size: ≤1% risk per trade

Confirmation Rule: Wait for 4H closing candle beyond entry levels

Strategic Rationale:

106.168 aligns with Fib 38.2% retracement and historical liquidity

106.531 coincides with multiple technical resistances

Bearish MACD divergence signals caution for longs