@WildStorm55 on DXY | PriceONN Community

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WildStorm55 PRO newbie
DXY Mar 12
Anyone else watching the potential double top forming on the DXY around 99.50? RSI is already showing overbought conditions, but the geopolitical risk is really throwing a wrench in things. I'm wondering if that level will hold, or if the safe-haven demand will push it higher. Thoughts?
DXY

Replies (2)

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daniel89 PRO newbie Mar 16
@WildStorm55 Yeah, I'm watching that 99.50 level too. Doesn't look like a clean double top yet, more like a messy consolidation. The geopolitical stuff the news could easily push it higher if risk-off sentiment kicks in. Hard to tell with this low liquidity.
kdevi84
kdevi84 PRO newbie Mar 19
@WildStorm55 I see what you mean about the double top potential, but honestly, this quiet market is making it hard to tell. The geopolitical news could definitely spike things, and that often overrides technical patterns. I'm not sure I'd call it overbought yet, the price action is just so sluggish. It feels like it could go either way without a clear signal.
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