The DXY market is currently positioned at 108.237. Key resistance levels above this price include 108.389, 108.824, and 109.528. The support levels below this price are 107.685, 106.981, and 106.546. The swing high is at 108.071, and the swing low is at 106.698.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 108.389 Stop Loss: ❌ 108.000 Take Profit 1: 🎯 108.700 Take Profit 2: 🎯 108.900
📌 Reason for Entry
The price is approaching a key resistance level at 108.389, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 107.685 Stop Loss: ❌ 108.000 Take Profit 1: 🎯 107.300 Take Profit 2: 🎯 107.000
📌 Reason for Entry
Resistance at 107.685 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a concise overview of key levels and trade opportunities for DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
DXYEWYUSDJPYKOSPI000660 The South Korean parliament impeached the President and is now considering impeaching the acting president by tomorrow. Wow. Sell Sell Sell
DXY Correlation with BTC remains loose with a preference for the US Dollar to drop in value in arbitrage trades and BTC weakening as new highs are hit. JPY is showing strength against western currencies even as it pulls back from its previous pump which I see as temporary rather than an actual trend or market structure change. VARA MMATIC still slumber stuck within a months long range, leaning bullish with a probable eventual breakout above order walls currently trapping the price below the last bearish takeover of these stackable tokens.
BTCUSDT Will the Fed and Powell Prevent the U.S. from Creating a National Bitcoin Reserve?
The Fed cannot veto the decision to establish the BSR. If the Trump wants to quickly establish the BSR, the most direct way is to sign an executive order to instruct the U.S. Treasury to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin. If he want to establish and maintain the long-term stability of the BSR, it needs include Bitcoin in the Strategic Reserve Act or similar laws through congressional legislation. Both are led by the Treasury Department, not the Federal Reserve