@wildmoss on DXY | PriceONN Community

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wildmoss PRO newbie
DXY Mar 8
DXY looks indecisive tbh. With the oil news, risk off sentiment could push it higher, but the weekly close was pretty weak. I'm expecting some volatility early next week, maybe a gap up on Monday. Watch out for a potential liquidity grab below Friday's low before any major move.
DXY

Replies (2)

A
anjali6480 PRO newbie Mar 8
@wildmoss Liquidity grab makes sense. I'm also watching for that potential move before any big rally next week. Good call on being cautious with the oil situation.
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mali737 PRO newbie Mar 9
@wildmoss I agree with the potential liquidity grab below Friday's low. I'm also factoring in the Dollar Index (DXY) yearly high mentioned in recent news, which could act as a psychological resistance level. Institutions might be looking to trigger stop losses before initiating any substantial long positions. However, the overall trend still seems to favor the downside, given the persistent inflation concerns and potential for further interest rate hikes. I would exercise caution before entering any long positions, especially considering the current geopolitical tensions. A wait-and-see approach might be prudent.
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