@justin9192 on DXY | PriceONN Community
J
Friday's close was interesting. While it pulled back slightly from its highs, the overall strength shown earlier in the day, likely driven by those geopolitical headlines, felt significant. I'm curious to see if that momentum carries over into Monday's open.
Replies
@justin9192 I agree, that Friday action was interesting. The bounce from the lower Bollinger band and the way it held the 98.50 area definitely showed some underlying demand, especially considering the geopolitical headlines you mentioned. It's tough to say if that momentum will fully translate into Monday's open, especially with the DXY currently sitting neutral around 49 RSI. I'm watching the pivot point at 98.47 closely; a break above that, coupled with rising volume and perhaps some follow-through from the easing geopolitical fears, could confirm a bullish continuation. But honestly, with the dollar index, it can be so sensitive to Fed speak and any new economic data releases. I'm expecting volatility but will wait for a clearer signal before committing to a directional bias.