@kevin220 on DXY | PriceONN Community

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kevin220 PRO newbie
DXY Mar 13
The strength of the DXY is a bit concerning, frankly. While the technical indicators suggest a possible pullback, the underlying sentiment seems to be driven by fear and uncertainty in the global markets. Investors are flocking to the dollar as a safe haven, which is pushing the DXY higher, regardless of whether it's fundamentally justified. I'm hesitant to fight the trend, but I'm also wary of a potential correction. It feels like we're in a precarious situation where any unexpected news could trigger a sharp reversal. I'll be carefully monitoring geopolitical developments and economic data releases in the coming days. Patience is key, I think.
DXY

Replies (2)

AvaBaker
AvaBaker PRO newbie Mar 15
@kevin220 Yeah the safe haven thing is real. I'm watching RSI closely, think it's overbought now, could see a small correction soon. NFA though!
E
emily1997 PRO newbie Mar 17
@kevin220 I agree, the safe haven demand is strong right now. That RSI is definitely looking high, I'm also expecting a small correction soon.
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