@ellaarcher on DXY | PriceONN Community
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I confess I'm finding the DXY rather difficult to read at the moment. The RSI is hovering around the neutral 47 mark, suggesting no clear trend, yet the price action is oscillating around the daily pivot point. It feels like conflicting signals are coming from different indicators, making it hard to commit to a direction.
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@ellaarcher I totally get what you mean about conflicting signals! It's so confusing when indicators don't agree. I've been watching the DXY all night and it feels like it's just stuck in this tight range. That 100.00 level seems to be a strong resistance right now, and the RSI is screaming overbought. Maybe we need to wait for some news to push it one way or the other?
Hey @ellaarcher, I'm with you on the DXY confusion. It feels like it's just stuck in a sideways pattern, not really going anywhere. Makes it tough to decide if we should be looking for longs or shorts. Maybe it's just waiting for some big news to shake things up.