US Dollar Index Futures forum
DXY DXY Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP)
The current market price for DXY is 108.006. This level is vital for identifying potential trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 108.389
Resistance 2: 108.824
Resistance 3: 109.528
✅ Support (Below DCMP)
Support 1: 107.685
Support 2: 106.546
Support 3: 105.842
📉 Swing Levels
Swing High: 108.071
Swing Low: 106.698
Summary of Analysis
Currently, DXY is positioned at 108.006. The nearest resistance level above this price is 108.389, while the support level below is 107.685. The swing high is at 108.071, and the swing low is at 106.698.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 107.685
Stop Loss: ❌ 107.300
Take Profit 1: 🎯 108.000
Take Profit 2: 🎯 108.200
📌 Reason for Entry
The price is approaching a key support level at 107.685, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 108.389
Stop Loss: ❌ 108.600
Take Profit 1: 🎯 108.100
Take Profit 2: 🎯 107.800
📌 Reason for Entry
Resistance at 108.389 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion
This analysis provides a concise overview of key levels and trading 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!
DXY 📊 DXY 24th December 2024 Daily Analysis Based on Main Key Levels
In this analysis, we will examine the current state of the DXY index, focusing on key price levels and potential trading strategies.
📍 Daily Current Market Price (DCMP)
The current market price for DXY is 108.175. This serves as a crucial reference point for assessing trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 108.243
Resistance 2: 107.501
Resistance 3: 107.173
✅ Support (Below DCMP)
Support 1: 108.031
Support 2: 106.113
Support 3: 105.785
📉 Swing Levels
Swing High: 108.071
Swing Low: 106.698
Summary of Analysis
The DXY market is currently positioned at 108.175. Key resistance levels above this price include 108.243, 107.501, and 107.173. The support levels below this price are 108.031, 106.113, and 105.785. The swing high is at 108.071, and the swing low is at 106.698.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 108.031
Stop Loss: ❌ 107.900
Take Profit 1: 🎯 108.100
Take Profit 2: 🎯 108.175
📌 Reason for Entry
The price is approaching a key support level at 108.031, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 108.243
Stop Loss: ❌ 108.350
Take Profit 1: 🎯 108.100
Take Profit 2: 🎯 107.500
📌 Reason for Entry
Resistance at 108.243 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!
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.
