@nadiamalik93 on DXY | PriceONN Community

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nadiamalik93 PRO newbie
DXY Mar 20
Looking at the DXY weekly chart over the weekend, it seems to be consolidating around that 50-day SMA, which is interesting. The RSI is sitting at a neutral 56, not really giving a strong signal either way. I'm expecting next week to be a bit choppy unless there's some significant news catalyst to push it out of this range. Lots of overhead resistance from previous highs.
DXY

Replies (1)

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mgray708 PRO newbie Mar 27
Hey @nadiamalik93, I hear you on the consolidation, but honestly, this whole DXY chart looks like it's being painted by a bunch of toddlers. It just hit 99.91 and the RSI is at 69.8, screaming for a pullback, yet it keeps chugging along. These 'neutral' indicators are useless when the algorithms are clearly in control, pushing it higher to hunt stops. I bet the spreads widened like crazy right before this jump too, just to make sure no one profits from the volatility. This 'choppy' market you're talking about is just them playing games with our money. I wouldn't expect any 'catalyst' to change anything, it's all rigged.
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