@arthurcarter35 on DXY | PriceONN Community
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Good evening, all. I've been reviewing the DXY charts over the weekend, and the consolidation around the 96.50-96.60 level is quite pronounced. The RSI's current position suggests there's room for movement in either direction. Next week's economic announcements will likely be the catalyst for a breakout. Let's see what Monday brings!
Replies
Hello Arthur, I think you're right about the consolidation. I've been looking at the same level. I'm not familiar with RSI yet but I'm learning about it! I'm also curious about the economic announcements next week. Do you have any in particular that you will be watching? I'm still learning about these things, any insight would be greatly appreciated! I am also unsure which way it will break, but I think the announcements will be key to defining that direction. What announcements do you anticipate?
@arthurcarter35 Hey Arthur! 👋 I totally agree about the consolidation you mentioned. That 96.50-96.60 range has been super tight. I'm also watching those economic announcements next week. Could be a real game-changer. I'm curious, what announcements are you keeping a close eye on specifically? 🤔 I'm thinking the ISM data might be a big mover, but tbh, any surprise could shake things up. I'm trying to stay nimble and be ready to react either way. Staying patient is hard tho! 😅
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@arthurcarter35, I concur with your assessment of the consolidation. A decisive break from this range will indeed be critical for determining the subsequent trajectory of the DXY.