@aCollins20 on DXY | PriceONN Community

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A
aCollins20 PRO newbie
DXY Apr 6
Watching DXY this morning, it's presenting a rather interesting candlestick pattern on the 4-hour chart. We're seeing a small doji right around that R1 pivot at 99.68, suggesting indecision after that slight uptick. Given the low liquidity here, I'm expecting more range-bound action until London opens.
DXY

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A
aCollins20 PRO newbie Apr 6
Yeah, that doji is definitely telling. With the 200 SMA sitting just below at 99.48 and the 50 SMA even lower, the longer-term trend still looks supportive, but the immediate price action is hesitant. I'm still leaning towards a bullish bias overall, especially if we can break and hold above the Bollinger band resistance around 99.93. But honestly, this Sydney session feels like watching paint dry. Might grab some sleep before London really kicks things off. 😴 The geopolitical stuff, especially that Iran oil trade probe 🕵️‍♂️, is definitely adding a layer of uncertainty that the market isn't fully pricing in yet. Could be a catalyst for a move later. Curious to see how it plays out.
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