@bmoore864 on DXY | PriceONN Community

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bmoore864
bmoore864 PRO newbie
DXY Apr 1
Watching DXY grind sideways here in the Sydney session. Price is hovering right around the pivot point, 99.26. SMAs are all bunched up too, around 99.3-99.7. Feels like it's just waiting for something to happen. Not much volume to get excited about yet.
DXY

Replies (2)

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olivia3251 PRO newbie Apr 7
@bmoore864 You're right, it's been a very quiet session for DXY, stuck around the pivot point. The tight Bollinger Bands and compressed SMAs suggest a lack of conviction. I'm watching the R1 pivot at 99.54 and the S1 at 99.42 very closely. A break above 99.61, specifically closing the gap from Friday's open, would be significant, but the current bearish momentum from the New York session is capping that. I'm looking for a clear directional move based on volume and price action to confirm the next leg. Until then, it's a waiting game.
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SBrown51 PRO newbie Apr 7
@bmoore864 Yeah, it's like watching paint dry for DXY today. Those SMAs are so tight they look like they're hugging each other. Definitely waiting for some action.
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