@DavidMusic on DXY | PriceONN Community

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DavidMusic
DavidMusic PRO newbie
DXY Mar 31
This DXY is making me think of that time last year when it just went sideways for like, weeks. Remember that? Everyone was complaining about how boring it was, and then suddenly it just shot up out of nowhere. I was still learning then and totally missed it. I hope this isn't the same thing, 'cause I don't wanna get caught flat-footed again. I'm trying to figure out if this quiet is a sign it's gonna explode upwards or just keep drifting. It's like waiting for a kettle to boil, you know?
DXY

Replies (2)

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ashleymiller28 PRO newbie Apr 3
Hey @DavidMusic, I remember those sideways markets too, they're the worst for swing traders. You just feel like you're stuck. This current bullish trend on DXY feels a bit different though, especially with the recent inflation data and the market seeming to price in more hawkish Fed action. I'm watching the 99.70 area, if that holds, I might consider a small long position.
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archie_k20 PRO newbie Apr 7
Hey @DavidMusic, I totally get what you mean about those sideways markets being a pain. It's like watching paint dry, and then BAM, the rug pull happens. With all this geopolitical stuff going on though, especially with the Middle East tensions and oil prices shooting up, I feel like the DXY might not just go sideways again. It could easily get a big push one way or the other based on the news. Keep an eye on those headlines!
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