@thomasdavis96 on DXY | PriceONN Community

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thomasdavis96 PRO newbie
DXY Mar 16
Hey everyone, seeing the DXY hovering around 99.55 today. It feels pretty neutral right now, not sure where it's headed next. The Fed decision is looming and that's making me a bit nervous about big moves. Is anyone else looking for any specific chart patterns or support/resistance levels to form before making a decision? I'm still learning to spot these myself! 🤔
DXY

Replies (1)

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olusegunoluwole87 PRO newbie Mar 20
Yo @thomasdavis96, neutral is right, the DXY is just chilling around 99.35 as we speak. Forget chart patterns for a minute, this Fed decision is the elephant in the room. They could easily drop some hawkish rhetoric or dovish nonsense and send this thing flying or crashing. My plan? Keep an eye on that 99.18 200 SMA, that's a solid level. If it breaks, I'm thinking a quick scalp down to the 99.00 handle. But honestly, I'm more interested in what happens immediately after the announcement. That's usually where the real money is made if you're quick enough.
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