US Dollar USDX Index (DXY) forum
DXY 📊 DXY Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP): 106.945
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 107.062
Resistance 2: 107.225
Resistance 3: 107.487
✅ Support (Below DCMP):
Support 1: 106.851
Support 2: 106.538
Support 3: 106.113
📉 Swing Levels
Swing High: 108.071
Swing Low: 103.373
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 106.851
🔹 Stop Loss: ❌ 106.538
🔹 Take Profit 1: 🎯 107.062
🔹 Take Profit 2: 🎯 107.225
📌 Reason for Entry: Support at 106.851 aligns with bullish momentum, targeting resistances near 107.062 and 107.225.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 107.351
🔹 Stop Loss: ❌ 107.487
🔹 Take Profit 1: 🎯 107.225
🔹 Take Profit 2: 🎯 107.062
📌 Reason for Entry: Resistance at 107.351 suggests bearish pressure, targeting supports at 107.225 and 107.062.
💡 Summary
DXY is trading at 106.945, with resistance levels at 107.062, 107.225, and 107.487, and support levels at 106.851, 106.538, and 106.113. Swing high is at 108.071, and swing low is at 103.373. A buy setup near 106.851 targets 107.062 and 107.225, while a sell setup at 107.351 targets 107.225 and 107.062.
DXY 📊 BankNifty-NSE INDEX 12th Dec 2024 Daily Analysis Based on Main Key Levels
📍 Daily Current Market Price (DCMP): 53,250
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 53,868
Resistance 2: 54,386
Resistance 3: 55,224
🛑 Support (Below DCMP):
Support 1: 53,030
Support 2: 52,192
Support 3: 51,674
📉 Swing Levels
Swing High: 52,493
Swing Low: 51,693
💼 Trade Setups
📈 Intraday Buy
Entry Price: ✨ 53,030
Stop Loss: ❌ 52,192
Take Profit 1: 🎯 53,868
Take Profit 2: 🎯 54,386
📌 Reason for Entry: Support at 53,030 provides a solid base for an upward move, targeting resistance at 53,868 and 54,386.
📉 Intraday Sell
Entry Price: ✨ 53,868
Stop Loss: ❌ 54,386
Take Profit 1: 🎯 53,030
Take Profit 2: 🎯 52,192
📌 Reason for Entry: Resistance at 53,868 offers a strong sell opportunity with targets at support levels 53,030 and 52,192.
💡 Summary
BankNifty is currently trading at 53,250, with resistance levels at 53,868, 54,386, and 55,224, and support levels at 53,030, 52,192, and 51,674. The swing high is at 52,493, and swing low at 51,693. An intraday buy at 53,030 targets 53,868 and 54,386, while an intraday sell at 53,868 targets 53,030 and 52,192.
