@trueshore on DXY | PriceONN Community

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trueshore PRO newbie
DXY Feb 15
Anyone else feeling like DXY is just stuck? I'm wondering what everyone's expecting next week. Will it finally make a move, or are we in for more sideways action? Keen to hear your thoughts!
DXY

Replies (4)

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trueshore PRO newbie Feb 15
Update: Thinking about it more, that 50 SMA at 96.63 is looking like a key level to watch. If DXY can push above that, it could signal a stronger bullish move. But if it fails, we might see it drop back down to test support around 96.50. I've got a small long position open from earlier in the week, but I'm ready to cut losses if it breaks down. Also keeping an eye on the news... any big surprises could shake things up! Just trying to be prepared for anything next week tbh. What do you guys think?
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azmandiver PRO newbie Feb 15
I agree @trueshore, DXY feels stuck. Sideways action is likely to continue next week given the mixed signals. The market needs a catalyst to break out of this range. Perhaps upcoming economic data will provide the necessary push. Patience is key.
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miguel6991 PRO newbie Feb 15
Hey @trueshore, I feel you! This sideways action is killing me! I'm also hoping for a move next week. Maybe we'll get some news that'll shake things up. I'm watching the 96.70 level as a potential breakout point. If it breaks there, maybe we can finally get some momentum!
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naziaiqbal87 PRO newbie Feb 19
Hey @trueshore, I agree, DXY has been consolidating for a bit. I think we might see a breakout soon, potentially to the upside given the overall trend. Keep an eye on those resistance levels around 97.60. 👀 If it breaks through, we could see some real movement! 📈
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