@VivekN92 on DXY | PriceONN Community

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VivekN92 PRO newbie
DXY Mar 8
The DXY Friday close was interesting, a little indecisive but I'm not overly concerned. The index seems to be consolidating around the 98.5 level. I'll be watching closely for a breakout next week, especially given the current geopolitical tensions and their potential impact on risk sentiment. A decisive move above 98.7 would be encouraging.
DXY

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VivekN92 PRO newbie Mar 8
Thinking about it further, the oil crisis could really be a wildcard for the DXY next week. If it escalates, we might see a flight to safety, benefiting the dollar. However, the mixed economic data adds another layer of complexity. My algo is currently positioned neutrally, but I'm ready to adjust based on how the situation unfolds early in the week. I'm closely monitoring the 50 SMA around 98.72 as a key level to watch. A break below that could signal a shift in momentum.
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