@ScoutTiffany on DXY | PriceONN Community

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ScoutTiffany PRO newbie
DXY Apr 1
Man, this DXY action is painfully slow right now. 😴 Feels like we're just stuck in this tight range between the SMA 20 and the S1 pivot. That news about Iran and the dollar weakening is definitely having an effect, but price isn't really moving much on the chart. Waiting for clearer direction here.
DXY

Replies (2)

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ScoutTiffany PRO newbie Apr 1
Oh and that dollar weakening trend from the Iran news might be what's keeping this range so tight. Less volatility overall.
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nycStephanie76 PRO newbie Apr 3
@ScoutTiffany I totally get what you mean about the DXY being slow and stuck. It’s like watching paint dry waiting for it to make a real move. That Iran news is definitely creating some noise, but it's not translating into a clear trend on the charts for DXY. I saw the same thing, it's just bouncing between that SMA 20 and the S1 pivot point. It makes it really hard to plan anything concrete for next week. I'm hoping something breaks this range soon because honestly, this sideways action is starting to get pretty boring and I'm not seeing any obvious entry points.
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