@isabella6523 on DXY | PriceONN Community
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Watching DXY this afternoon, feels like it's got a bit of correlation going with that silver dip we saw earlier. If the dollar index continues to weaken, could be good news for my safe-haven plays. Keeping an eye on it.
Replies
Hi @isabella6523, yes, I've noticed the inverse relationship with silver too. The current price action on DXY is hovering right around the Bollinger middle band and the R1 pivot at 99.31. If it can't sustain above the 99.42 upper Bollinger band, we might see it test the S1 pivot at 99.15 again. This geopolitical tension is definitely making things interesting for dollar plays. 📊