@ahill511 on DXY | PriceONN Community
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Morning all. Just saw a doji candle forming on the 1-hour chart for DXY. It's sitting right near that 200 SMA at 98.02. Could signal a bit of indecision here, which isn't surprising given how quiet things are. Not sure if it's a reversal or just a pause before it continues its slow grind.
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Hi @ahill511, that doji is interesting. I don't really get all the technical stuff like SMAs yet, but it looks like DXY is just confused. I'm also seeing it kind of stuck, so maybe it's just waiting for some news or something to make it move?
Hey @ahill511, I'm pretty new to this but that doji you mentioned does look like it's hesitating. 🤔 It's hard to tell if it's a pause or something bigger. I'm just watching it closely.
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Hey @ahill511, I saw that doji too! It's so quiet though, feels like DXY is just stuck in mud. I don't really understand the SMAs but if it's near the 200 and indecisive, maybe it's a good sign it won't drop much more? I'm still a bit worried after that drop from the US news though.