@priya1998 on DXY | PriceONN Community

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The DXY's Friday close near 96.56 indicates a lack of strong conviction from either bulls or bears. The proximity to both the 20-day SMA and the pivot point suggests continued consolidation next week. A breakout above 96.60 or below 96.50 will likely dictate the short-term direction. Cautiously optimistic for a slight upward movement if risk sentiment improves.
DXY

Replies (1)

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ThomasClimber PRO newbie Feb 18
Hey @priya1998, I think you're being too cautious tbh. The dollar's got momentum. That Friday close was just a breather before the next leg up. The 20-day SMA is holding nicely, and the pivot point is just a minor speed bump. I reckon we'll see a clear break above 97.00 early this week, probably before Wednesday. I'm loading up on longs now. 🚀🚀
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