US DOLLAR CURRENCY INDEX forum
💵📉 DXY Daily Analysis Based on Main Key Levels – 24 April 2025
Daily Current Market Price (DCMP): 🎯 99.329
🎯 Critical Price Zones
Above DCMP (Resistance)
🔴 R3: 100.603 | R2: 100.192 | R1: 99.938
Below DCMP (Support)
🟢 S1: 99.116 | S2: 98.862 | S3: 98.451
Swing Extremes:
🔼 Swing High: 107.661 | 🔽 Swing Low: 103.197
📊 Technical Landscape
RSI: Neutral at 52 on 4H charts, fading bullish momentum
MACD: Bearish crossover confirmed (-0.15 → -0.22)
Price Action: Testing 99.00-99.50 consolidation band
💡 Intraday Trade Opportunities
Trade Idea 1: Intraday Buy
Entry: 🎯 99.197 (Confluence of 61.8% Fib & Horizontal Support)
Stop Loss: 🚫 98.516 (Below Swing Low Anchor)
Take Profit 1: ✅ 99.527 (Immediate Resistance)
Take Profit 2: ✅ 99.938 (Upper Resistance Cluster)
Rationale:
Bullish divergence in A/D line (+5% accumulation) at support
Hidden bullish divergence in TDI indicator
Trade Idea 2: Intraday Sell
Entry: 🎯 99.618 (Resistance Zone with 127.2% Fib Extension)
Stop Loss: 🚫 100.039 (Above Key Swing High)
Take Profit 1: ✅ 99.329 (DCMP Retest)
Take Profit 2: ✅ 98.862 (Strong Historical Support)
Rationale:
Bearish engulfing pattern at resistance zone
Negative gamma exposure in options market
📉 Fibonacci Framework (4H)
50% Retracement: 98.860 acts as critical support floor
161.8% Extension: 100.192 becomes target on bullish breakout
⚠️ Risk Parameters
Maintain 1:2.5 risk-reward ratio for all trades
Monitor US GDP data release at 13:30 GMT
Avoid trading during ECB policy statement (12:45 GMT)

3 Clear Swings and 2 Pull back scalp opportunists. Congrats to the once who capitalised ! and all the best to the rest! My Basket for today > 4 Winners and 1 L
Later!

Just my opinion 👨🏼🦯