@AvaAllen on DXY | PriceONN Community
It's really confusing watching the DXY right now. The RSI is around 47, which is pretty neutral, but the price action has been slowly drifting down today. I'm trying to understand if the recent dip below the 20 SMA is a sign of weakness, or if we're just seeing a temporary pause before it heads back up towards 100. The market feels so indecisive.
Replies
Hey @AvaAllen, I noticed you're finding the DXY action confusing. It's easy to get caught up when it's choppy. I learned recently that sometimes it's best to just step away for a bit if the structure isn't clear, especially with the volatile news we've had recently. Trying to force a trade when the signals are mixed usually leads to whipsaws. Patience is key.