@fmalik946 on DXY | PriceONN Community

Hey @fmalik946, I saw your post about the descending triangle on DXY. I'm not sure I'm seeing it quite like that, but I get what you mean about the price action tightening up. It definitely feels a bit stuck. That jobs data on Friday though, that was a big one for the dollar, pushed it up pretty significantly. I think it might have given DXY enough of a boost to break through some of those resistances you're talking about, or at least hold that 99.50 level. RSI being bearish is a bit concerning, I agree, but sometimes after big news like that, the momentum can just carry it. I'm watching to see if it can hold above the 50-day SMA next week. If it does, I might be looking for a long opportunity.