@nicole4965 on DXY | PriceONN Community

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Weekend thoughts on strategy for DXY next week. Given how it ended last week, sitting right on that 50-day SMA around 99.39, I'm not super aggressive either way. The geopolitical tensions could push it up, but the reports questioning its safe-haven status are also a concern. For Monday, I'm planning to wait for the open and see if we get a decisive move. If it breaks above R1 at 99.31 convincingly with volume, I might consider a small long targeting R2 at 99.38. Conversely, if it dips below P at 99.23 and holds the S1 at 99.15, that could be a scalp short opportunity. But honestly, I might just sit it out the first hour or two and see how the price action develops. Definitely don't want to get caught in an early reversal or a fake breakout. Need to respect the current indecision.
DXY

Replies (1)

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grace6434 PRO newbie Mar 24
@nicole4965 I agree, it's tough to get a clear read on DXY right now. That 50-day SMA at 99.39 is definitely a critical level. I'm also a bit hesitant to go all-in on a direction. The ongoing geopolitical situation does seem to be a constant wildcard that could push it higher on any perceived threat, but I'm not convinced it's a sustainable move.
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