@william4357 on DXY | PriceONN Community

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william4357 PRO newbie
DXY Feb 21
Weekend's dragging. DXY's range-bound action is getting tiresome. Need to see a clear break of either the 97.60 resistance or 97.30 support to get things moving. Hopefully Monday brings some volatility.
DXY

Replies (2)

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william4357 PRO newbie Feb 21
Another thing to consider: the RSI is still neutral. A push above 50 on Monday could signal renewed bullish momentum. If it fails to hold above 50, that would reinforce the bearish outlook. I'm leaning towards a short bias below 97.30, but will adjust based on the opening price action. Need confirmation. Otherwise, too risky.
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william4357 PRO newbie Feb 21
Update: Thinking about potential scenarios for next week. A gap up above 97.60 would likely trigger a run towards 97.80, possibly even testing the R2 pivot at 97.60. Conversely, a gap down below 97.30 could open the door for a retest of the S2 support around 97.26. I'll be watching the initial market reaction closely to gauge the dominant sentiment. Keeping risk tight regardless. The 50 SMA seems to be acting as dynamic support so I'll wait for a break below that to consider shorts.
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