DXY everyone wants DXY to fill the gap above, what about the gap below at 103.5.US DOLLAR CURRENCY INDEX forum
DXY everyone wants DXY to fill the gap above, what about the gap below at 103.5.
BTCUSD Are you all watching the DXY ? It pumped on Thursday with the tariff talk and is dumping like the pump of Trump's tweet and dump we are now experiencing with crypto market. Sun 23 on DXY gives us same dip we see on BTC on Fri 28. Just something I noticed but it feels we are walking in the DXY shadow a bit.
DXY 105.8 next support
DXY Trumps tariff fears imposed on Mexico and Canada will urge them to meet his demands and they will put tariffs on China 🇨🇳 and protect the borders to fulfill Trumps wishes. I think this will cause the dollar to fall
DXY sell cycle
tp@100.271
% bubble
DXY 💹 DXY 3rd March 2025 Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP):
107.061
Immediate support below | Critical resistance above
🔑 Critical Price Zones
Support (Below 107.061):
✅ 106.531 (Fib 61.8% Retracement + Demand Cluster)
✅ 106.168 (Swing Low Confluence)
✅ 105.582 (Structural Base)
Resistance (Above 107.061):
⛔️ 107.117 (Immediate Pivot Resistance)
⛔️ 107.703 (4H Chart Supply Zone)
⛔️ 108.523 (Key Swing High)
Swing Levels:
↗️ Swing High: 108.523
↘️ Swing Low: 106.126
📉📈 Technical Snapshot
Fibonacci Framework:
Price consolidates between 106.126 (61.8% retracement) and 108.523 (38.2% extension)
RSI: 51 (Neutral) → Bullish divergence forming on 4H chart
MACD: Histogram crosses above signal line → Early bullish momentum
💡 Strategic Trade Setups
🟢 Intraday Buy Trade Idea
📍 Entry: 🎯106.531 (Fib Support + Swing Low Confluence)
🛑 Stop Loss: 🔻106.168 (-0.36 points)
🎯 Take Profit 1: 💰107.061 (+0.53 points)
🎯 Take Profit 2: 💰107.703 (+1.17 points)
Trigger: Bullish reversal pattern + Volume surge
🔴 Intraday Sell Trade Idea
📍 Entry: 🎯107.117 (Pivot Resistance + Supply Zone)
🛑 Stop Loss: 🔻107.703 (+0.59 points)
🎯 Take Profit 1: 💰106.531 (-0.59 points)
🎯 Take Profit 2: 💰106.168 (-0.95 points)
Trigger: Bearish rejection at 200EMA + RSI reversal
🌍 Market Catalysts
Technical Anchor: 100EMA at 107.061 acts as dynamic equilibrium
Fundamental Watch: Fed policy shifts & USD liquidity flows
Volatility Signal: 4H ATR at 0.83 points → Moderate trading range
📌 Analyst Insights
Breakout Watch: Close above 107.703 may target 108.523
Critical Zone: 105.582-106.168 forms major demand base
Execution Tip: Align trades with NY/London session overlaps
Disclaimer: Confirm setups with institutional order flow signals. 🔍📉
DXY 106.9 is the first point of interest
DXY if the market can’t break past the prior close then we’re short euro but I’m still waiting for confirmation and a possible gap fill for the dxy, if the dxy breaks past the prior close then we’re bullish so I guess will see what happens. Happy trading everyone.