@NoahWright on DXY | PriceONN Community
I'm really confused watching DXY right now. The chart is showing bullish signs with the price holding above 99 and the RSI looking good, but then you read about potential recession fears and how the Iran situation is messing with energy prices, which is supposed to make the dollar weaker. It's like the market can't decide what to do with itself.
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And @arjun5582, that analyst you mentioned about the Fed pausing hikes because of energy prices makes me nervous about holding any long positions overnight. If rate hikes pause, that could really hurt the dollar's strength. I'm still seeing it above the 200 SMA though, which is weird. I really hope it doesn't gap down hard on Monday.
Seriously, how can it be bullish with all that geopolitical instability around Iran and potential stagflation in Europe? Makes no sense.