💹 DXY 5th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 105.019 🔄

DXY trades above immediate support (104.777) and below critical resistance (105.582).

🔑 Key Technical Levels

🛑 Resistance Zones (Sell Zones)

R3: 108.652 🚨 (Major swing high alignment)

R2: 107.703 🔻 (Fibonacci extension zone)

R1: 105.582 ⚠️ (Weekly pivot resistance)

🟢 Support Zones (Buy Zones)

S1: 104.777 📌 (4hr swing low)

S2: 105.207 🔼 (Daily pivot confluence)

S3: 105.473 🛡️ (Key Fib retracement level)

Swing High: 108.523 | Swing Low: 106.126

📊 Technical Indicators

RSI: Neutral at 49 (no divergence observed)

MACD: Bearish crossover near 105.582 resistance

Fibonacci Levels: 61.8% retracement aligns with 104.777 support

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 104.777 📍 (4hr swing low + Fib confluence)

Stop Loss: 104.200 🚫 (Below psychological support)

Take Profit 1: 105.207 🎯 (Daily pivot target)

Take Profit 2: 105.473 🚀 (Key resistance retest)

Rationale: Strong rebound potential at multi-timeframe support with RSI neutrality.

🔴 Intraday Sell Setup

Entry: 105.582 📍 (Weekly pivot resistance)

Stop Loss: 106.126 🚫 (Above swing high)

Take Profit 1: 105.019 🎯 (DCMP retracement)

Take Profit 2: 104.777 🚀 (Swing low target)

Rationale: Bearish rejection likely at 105.582 resistance with MACD confirmation.

📉 Market Outlook

DXY faces consolidation between 104.777 support and 105.582 resistance. A sustained break above 105.473 could trigger bullish momentum, while a drop below 104.777 may extend losses toward 104.200.

🔔 Watch: Price action at 105.019 (DCMP) for intraday bias confirmation.

📌 Summary

Key Supports: 104.777 → 105.207 → 105.473

Key Resistances: 105.582 → 107.703 → 108.652

Swing Levels: High at 108.523 | Low at 106.126

Price Bias: Neutral-to-bearish below 105.582

Deploy disciplined risk-reward ratios in volatile forex trading. 💼⚡