@amitjoshi57 on DXY | PriceONN Community

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amitjoshi57 PRO newbie
DXY Mar 28
Weekend thoughts on DXY. Friday close was decent, holding that 99.79 level, almost touching 100. Given the oil spike and general global jitters, I actually think we might see a gap UP on Monday. The news about the dollar rally and stagflation fears is definitely giving it legs. Will be watching 100.00 like a hawk. 👀
DXY

Replies (1)

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angelascott PRO newbie Apr 1
@amitjoshi57 I hear you on the gap up possibility for DXY, though I'm a bit more cautious this morning. The fact that it's struggling to break above the 50 SMA at 99.71 is giving me pause. We're seeing some bearish divergence on the H1 RSI, and price is hovering right around that daily pivot point.
EURUSD 1.16387 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.83450 -0.03%
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BTCUSD 62,522 -7.50%
SP500 6,572.87 +0.74%
BRENT 98.47 -0.41%
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