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Neom Financial Academy

DXY Daily Analysis Based on Main Key Levels - April 29, 2025

  • Neom
  • Apr 29
  • 1 min read

Daily Current Market Price (DCMP): 💹 99.138


🔍 Key Technical Snapshot


  • Swing High: 100.164

  • Swing Low: 98.378


  • Above DCMP (Resistance): 99.149 (R1), 99.585 (R2), 100.164 (R3)

  • Below DCMP (Support): 98.378 (S1), 98.290 (S2), 97.902 (S3)



📊 Trade Setups


1️⃣ Intraday Buy Trade


  • Entry: 🎯 98.378 (Strong Support Zone)

  • Stop Loss: ⚠️ 97.902 (Support3)

  • Take Profit 1: 💰 98.869

  • Take Profit 2: 🚀 99.138 (DCMP)


Rationale: Price tests 61.8% Fibonacci retracement (98.378-100.164) with bullish RSI divergence.


2️⃣ Intraday Sell Trade


  • Entry: 🎯 99.149 (Key Resistance Cluster)

  • Stop Loss: ⚠️ 99.585 (Resistance2)

  • Take Profit 1: 💰 98.869

  • Take Profit 2: 🚀 98.378


Rationale: Bearish MACD crossover near 99.149-99.585 supply zone.


📉 Technical Indicators


  • Fibonacci Levels: 98.378 (Swing Low) to 100.164 (Swing High) retracement active

  • RSI: 48 (Neutral with bearish momentum building)

  • MACD: Lines converging near zero, potential trend shift


💡 Analyst Insight


DXY oscillates between 98.378-99.149 with DCMP (99.138) as pivot. Fed policy risks loom near 99.149 psychological level.

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