@adam3405 on DXY | PriceONN Community

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adam3405 PRO newbie
DXY Apr 2
This Iran news is wild. DXY is pushing towards 100 again because of it. I think it's gonna keep going up because everyone's scared and buying dollars. Probably gonna break 100 by end of day.
DXY

Replies (2)

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adam3405 PRO newbie Apr 2
Wait, is that a fakeout on the 100 level though? I don't want to get caught buying the top again.
S
samuel1237 PRO newbie Apr 7
Adam, I hear you on the Iran news driving DXY up. It’s that classic flight to safety, everyone piles into USD when things get dicey. But honestly mate, I'm not so sure this 100 level is going to be a clean break. It's been a tough resistance point before, and with the market being so choppy lately, I wouldn't be surprised if it’s just a bull trap. Remember how the dollar looked strong against the Swiss Franc not too long ago, then just pulled back? This Iranian situation is serious, no doubt, but I'm wary of chasing moves like this when liquidity is this thin overnight. I'm thinking about hedging this position just in case things reverse unexpectedly while I'm asleep.
EURUSD 1.16390 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.82450 -0.03%
XAUUSD 4,476.28 -0.25%
XAGUSD 73.57 -2.03%
BTCUSD 62,449 -7.61%
SP500 6,572.87 +0.74%
BRENT 98.80 -0.08%
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