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Neom Financial Academy

DXY Daily Analysis Based on Main Key Levels – 28 April 2025

  • Neom
  • Apr 28
  • 1 min read

Daily Current Market Price (DCMP): 99.766 💹


  • Swing High (Daily/4H): 107.661 🚀 | Swing Low (Daily/4H): 103.197 🛡️


Critical Price Zones


Resistance (Above DCMP)


  • R1: 99.920 🚩 | R2: 100.396 🚩 | R3: 100.108 🚩


Support (Below DCMP)


  • S1: 99.440 🛡️ | S2: 99.326 🛡️ | S3: 99.142 🛡️


Technical Landscape


  • Fibonacci Confluence: Strong support cluster at 99.326–99.440 (61.8% retracement zone from Q1 swing low).

  • RSI (14): Bearish divergence at 43.8, signaling weakening momentum.

  • MACD: Histogram bars contracting below zero line on 4H chart.


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Intraday Trade Setups


🔵 Trade Idea: Buy at Strategic Support


  • Entry: 99.149 📌 (alignment with Fib 38.2% retracement)

  • Stop Loss: 97.902 🔴 (below S3)

  • Take Profit 1: 99.440 🟢 (S1 resistance)

  • Take Profit 2: 99.766 💹 (DCMP retest)


Rationale: Bullish reversal patterns emerging near 99.149 support level, coinciding with institutional accumulation zones.


🔴 Trade Idea: Sell at Key Resistance


  • Entry: 99.920 📌 (price rejection at swing high)

  • Stop Loss: 101.167 🔴 (above R3)

  • Take Profit 1: 99.326 🟢 (S2 support)

  • Take Profit 2: 98.378 🛡️ (multi-session liquidity pool)


Rationale: Bearish order block formation at 99.920 resistance with rising volume profile.


Market Outlook


DXY consolidates near 99.766 with three decisive scenarios:


  1. Bullish Recovery: Sustained break above 100.108 could target 101.167 resistance.

  2. Bearish Continuation: Breakdown below 99.142 risks plunge to 97.131 support.

  3. Rangebound Action: Choppy trading between 99.149–99.920 likely ahead of FOMC meeting.


⚡ Key Catalyst: US Core PCE inflation data release at 12:30 UTC.

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