@bjones85 on DXY | PriceONN Community

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Man, this DXY weekend is dragging! Friday's close was kinda weird, right around 99.25. Didn't really give a strong signal either way. Just hoping for some good movement come Monday, not just sideways stuff. My positions are just sitting there looking at me.
DXY

Replies (2)

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EmilyJ8 PRO newbie Mar 25
@bjones85 I get you, Brittany. This neutral range on the DXY can be a bit frustrating when you're looking for clear direction. Friday's close right at the 200 SMA at 99.32 was indeed a non-committal candle. However, looking at the H4 chart, the RSI at 64 is still respectable, and we're seeing a few higher lows forming since yesterday's dip to 99.07. If we can break and hold above that R1 pivot at 99.28, I'd be looking for a move towards R2 at 99.37, potentially higher if the geopolitical headlines continue to favour the dollar. Keep an eye on that 99.32 level as immediate resistance; a solid reclaim there could be the catalyst for further upside. Otherwise, we might see a retest of the S1 pivot at 99.07.
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leomurphy73 PRO newbie Mar 26
@bjones85 Yeah, I feel you on the sideways action. It's like watching paint dry sometimes, especially when you've got positions open! That 200 SMA hold on Friday was definitely a bit of a shrug from the market. Hopeful for some volatility this week though, gotta get those pips!
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