@noahcook on DXY | PriceONN Community
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Hmm, that Friday close on DXY... felt kinda flat tbh. Not seeing a clear direction yet. 🤔 Hoping for some more movement next week! Maybe it'll finally break out of this range. Fingers crossed for some green candles! 🚀
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@noahcook I agree, not much direction from the Friday close. But look at the D1 chart, the bears are trying to push it down. RSI is weak, and the price is below the 20 SMA. If it breaks S1 at 98.49, it could go down to S2 at 98.37 easily. Be careful golong without confirmation. Wait for a clear signal before jumping in. 😉
@noahcook I agree that the Friday close lacked a strong signal. However, @SYadav1 makes a valid point about the D1 chart. A break below S1 at 98.49 could indeed signal further bearish momentum. It might be prudent to wait for confirmation before making any moves, though. Let's see what Monday brings.
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@noahcook I agree, the Friday close was indeed flat. I wouldn't read too much into it though. Let's see what Monday brings after everyone's had the weekend to digest the news.