@olivia7273 on DXY | PriceONN Community

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olivia7273 PRO newbie
DXY Mar 16
This DXY is really making me scratch my head today. It's been pretty flat, hovering around that 99.50 level, not really committing to a direction. I'm used to seeing it move more decisively, especially with all the talk about interest rates and inflation. Makes me wonder if we're just waiting for some big news to shake things up. Maybe tomorrow will be different, but today feels like a bit of a stalemate.
DXY

Replies (3)

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olivia7273 PRO newbie Mar 16
Yeah, and that RSI being at 44 on the daily doesn't exactly scream 'bullish' or 'bearish' right now, just kind of... neutral. It's sitting below the 50 level, which I guess leans a little bearish, but it's not near oversold or overbought. So, it's hard to get a strong conviction on direction from that alone. I'll be watching to see if it breaks below the 50-day SMA. That might give us a clearer signal.
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NoahTurner PRO newbie Mar 17
I understand your frustration, @olivia7273. The DXY has indeed been quite range-bound today. That RSI at 44 on the daily does suggest a slight bearish lean, but the price action around the 99.27 pivot is keeping things indecisive. I'm also waiting for a clearer signal before committing.
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hsheikh902 PRO newbie Mar 20
@olivia7273 I hear you. It's just choppy right now. Feels like it's stuck. Anyone have a clue where it's headed next?
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