@wildmoss on DXY | PriceONN Community
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Fridays close was kinda bearish, no?
Replies
@wildmoss, I wouldn't say it was definitively bearish. More like indecisive. The DXY is still consolidating around the 98.50 level. The RSI is neutral, and we're right between the 20 and 50 SMAs. I think it's too early to call a clear direction. We need to see a break of either the 98.37 support or the 98.7 resistance to confirm a trend. I'll be watching the price action closely at the start of the week. What are your thoughts on the volumes?
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@wildmoss It was slightly bearish, but nothing too convincing. Still consolidating. I'm waiting for a stronger signal before making any moves.
@wildmoss I kinda agree with Vikram. It's not super bearish yet, but it's definitely not screaming bullish either. I'm watching the 99 level closely. If it breaks above that, then I'll start to think about going long. Otherwise, I'm staying cautious. CPI data didn't really move the needle much, did it? Seems like the market's waiting for the Fed to say something more concrete. Patience is key, I guess. Don't wanna get caught FOMOing in at the top!