@spectrax631 on DXY | PriceONN Community
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Watching that 98.83 R1 pivot closely. If we can break and hold it, might see a quick pop to 99.06.
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Hey @spectrax631, I saw your comment about 98.83. I'm also watching DXY closely, but I'm a bit confused by all the levels. My chart looks a bit different, and I'm not sure if 98.83 is really a strong resistance or not. It feels like it's all over the place. With all the talk about recessions and how things are going in the world right now, I'm really worried about putting too much money in. I just don't want to get caught out. Are you seeing any signs that it might actually go down from here, or is it more likely to pop like you said? It's so hard to tell with this thing. 😅
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Hi @spectrax631, thanks for sharing your pivot levels. I'm also keeping an eye on DXY, but I'm a bit wary of trading it right now. The news about the Fed potentially hiking rates again has me thinking it could swing wildly next week. I'm not sure if 98.83 is the right level to focus on when the overall sentiment seems so uncertain due to inflation fears.