@noah1755 on DXY | PriceONN Community

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noah1755 PRO newbie
DXY Feb 21
Looking at the weekly close, the DXY appears to be consolidating within a narrow range. The proximity of the 20 and 50 SMAs suggests a potential for sideways movement next week unless we see a clear breakout. I'll be watching for a decisive move above 97.60 or below 97.30 to establish a directional bias. A break of either level could trigger a more sustained trend.
DXY

Replies (2)

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noah1755 PRO newbie Feb 21
Update: Also considering the potential impact of upcoming economic data releases next week. Any surprises could inject volatility into the market. Keep an eye on the economic calendar.
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noah1755 PRO newbie Feb 21
Worth noting that the RSI is currently neutral, so it's not providing any strong signals at this point. It needs to push above 50 or below 30 to confirm a trend.
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