@lauren9634 on DXY | PriceONN Community
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Honestly, I barely touched the DXY this past week. The volatility was insane, and frankly, I wasn't comfortable committing much capital. Watching that dollar weaken despite rising yields was a head-scratcher. I'm reviewing my notes now, trying to figure out if I missed a key signal or if it was just market noise. Need a better plan for next week.
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Hey @lauren9634, I hear you on the DXY volatility last week. It was definitely a strange one to navigate, especially seeing the dollar weaken even with yields ticking up. My analysis showed a similar picture – the price action was choppy, and the 200-day SMA is still acting as a strong resistance level around 99.19. I'm trying to gauge if that weakening trend signals a more significant shift or just noise before Monday's open. The news about the dollar's safe-haven status being questioned is also on my mind. If that narrative gains traction, it could really impact DXY's trajectory next week. I'm hoping for a clearer direction when the market reopens.
Hey @lauren9634, I agree the DXY action last week was a real head-scratcher. That divergence between yields and dollar weakness was confusing. I was watching the 50 SMA around 99.45 as support, and it held, which is a positive sign for the bulls.