GBPUSD ( INTRA Bearish) DXY SWING has shown an official Bullish Signal, but we need a few more candles to confirm the LONG positions. This aligns with the opposite sentiment for DXY, signaling Bearish momentum.
The current trend remains Bullish for GU and Bearish for DXY unless a breakout shifts the dynamics! Stay alert and trade wisely
DXY 📊 DXY 30th December 2024 Daily Analysis Based on Main Key Levels
In this blog post, we provide a comprehensive analysis of the DXY as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.
📍 Daily Current Market Price (DCMP)
The current market price for the DXY is 107.998. This serves as a crucial reference point for identifying trading opportunities.
Summary of Analysis As of the current market price of 107.998, key resistance levels above this price include 108.233, 108.380, and 108.616. The support levels below this price are 107.761, 107.614, and 107.378. Additionally, the swing high is at 108.541, and the swing low is at 105.420.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 107.761 Stop Loss: ❌ 107.614 Take Profit 1: 🎯 107.998 Take Profit 2: 🎯 108.233
📌 Reason for Entry The price is approaching a key support level at 107.761, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 108.233 Stop Loss: ❌ 108.616 Take Profit 1: 🎯 107.998 Take Profit 2: 🎯 108.380
📌 Reason for Entry Resistance at 108.233 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 the DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
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