💹 DXY 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 103.685

Key Price Structure & Technical Snapshot 📊

Critical Levels

Above DCMP (Resistance):

▶️ 104.337 (Immediate Resistance) 🔴

▶️ 105.582 (2025 Swing High Confluence)

▶️ 108.523 (Multi-Year High Anchor)

Below DCMP (Support):

▶️ 103.465 (Weekly Pivot Support) 🟢

▶️ 103.706 (Fib 50% Retracement)

▶️ 104.777 (2024 Swing Low)

Swing Levels

Daily Swing High: 108.523

Daily Swing Low: 106.126

Technical Indicators 🔧

Fibonacci: 103.465 aligns with 61.8% retracement from 2024’s rally (108.523 → 103.465)

RSI: Neutral at 51, reflecting consolidation near DCMP.

MACD: Bullish crossover above signal line at 103.685

Intraday Trade Setups 💡

Trade Idea 1: Intraday Sell

Entry: 🎯 105.582 (2025 Swing High)

Stop Loss: 🚫 106.126 (Swing High Buffer)

Take Profit 1: 🏁 104.777 (2024 Low)

Take Profit 2: 🏁 103.706 (Fib 50%)

Rationale: Resistance at 105.582 aligns with six-week rally exhaustion and overextended bullish momentum

Trade Idea 2: Intraday Buy

Entry: 🎯 103.465 (Weekly Pivot Support)

Stop Loss: 🚫 102.800 (Psychological Support)

Take Profit 1: 🏁 104.096 (DCMP Retest)

Take Profit 2: 🏁 104.777 (Immediate Resistance)

Rationale: Support at 103.465 converges with 200-DMA and projected U.S. growth stability

Strategic Insights & Risk Management 🔥

Bullish Catalyst: Break above 105.582 could reignite rally toward 108.523 amid Fed hawkishness

Bearish Trigger: Sustained trading below 103.465 risks retesting 102.800 (Q1 2025 low)

Fundamental Driver: Monitor U.S. GDP growth (2.7% projected) vs. global counterparts

Technical Tools in Focus 🛠️

Price Channels: Descending channel from 108.523 signals bearish bias unless 105.582 breaks

Volume Profile: Thin liquidity near 103.465 increases volatility risks

Elliott Wave: Potential Wave 4 correction if 103.465 fails to hold

Final Note: Focus on 103.465-105.582 range for breakout confirmation. Neutral bias dominates until decisive move