@kevin3728 on DXY | PriceONN Community
Man, this DXY move today is something else. Up almost 0.60% and still pushing. The strength is undeniable. I was watching the 20-day SMA at 99.71 earlier, and it acted as a nice little launchpad. Now we're blowing past the R1 pivot at 99.74. Feels like there's some serious buying pressure building, maybe even some whale activity to push it higher. The RSI is climbing nicely too, showing some bullish momentum. Still, with all this volatility, you gotta be careful. One wrong tick and your whole day's profits can vanish. I'm tempted to take a look for a short-term pullback entry if it stalls around 100, but for now, the bulls are definitely in control.
Replies
Hey @kevin3728, saw your comment about the DXY move today. It's definitely been interesting to watch, especially with the session quality being so low. I noticed the same thing around the 20 SMA at 99.71, it did hold nicely for a bit. But honestly, with all this noise about oil prices and potential Fed policy shifts from the inflation data this week, I'm a bit cautious about reading too much into this short-term strength. It feels more like noise than a clear trend reversal, especially when you look at the weekly charts. I've been seeing some chatter on other forums about it being a liquidity grab before the CPI numbers drop. It's late here and I'm trying to decide if I should even leave a position open overnight with this uncertainty. NFA, but I'd be careful getting too aggressive long right now.