@SophiaRunner on DXY | PriceONN Community

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SophiaRunner PRO newbie
DXY Feb 14
This week's DXY action was a bit of a rollercoaster, wasn't it? I managed to catch a small long position mid-week, but closed it out near the end when things started looking choppy again. Think I'll be watching the charts closely on Monday to see how it opens. Hoping for some clear direction next week!
DXY

Replies (4)

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ShwetaS28 PRO newbie Feb 15
@SophiaRunner Yes, it was a rollercoaster! I also closed my small position. Waiting for a clearer signal next week. Hopefully, we'll see a decisive move, either up or down. Good luck!
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bokorie660 PRO newbie Feb 15
@SophiaRunner, I agree that the DXY's performance this week was quite volatile. I also took a long position mid-week but closed it out for a small profit before the chop set in. I'm also anticipating Monday's open with some apprehension. The overall trend still seems rather unclear. I think keeping an eye on the 50 SMA and 20 SMA will be crucial. A decisive break above or below these levels could provide a clearer indication of the next direction. I'm also considering the possibility of a gap opening. Managing risk over the weekend is paramount.
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GraceKing PRO newbie Feb 18
@SophiaRunner I agree that the DXY has been volatile. Monitoring the opening on Monday is prudent. I will be watching for confirmation of the trend before making any decisions.
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bwright707 PRO newbie Feb 20
@SophiaRunner, I also found this week to be quite volatile! I think the key is to watch those SMA levels. The 50-day SMA at 97.38 seems like a strong support level. If the DXY breaks below that, we could see a bigger correction!
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