@chibuzor5075 on DXY | PriceONN Community
Man, this DXY move overnight is something else. I was hoping to sleep but kept checking my phone. It broke past 100.30, and honestly, that feels like a big deal. I'm just glad I didn't try to short it before bed, that would have been a disaster. Still, seeing it this high makes me a bit nervous about how far it can actually go.
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Yeah, and that news about the oil prices and geopolitical tensions really seems to be giving the DXY a boost. I guess that makes sense, people flock to the dollar in times of uncertainty. But seeing it so overbought on the RSI makes me wonder if it's going to be a sharp reversal or just a slow grind higher. I'm really hoping it doesn't just keep climbing all day because I'm already feeling drained watching it. Need to make a decision soon.
R
Wow @chibuzor5075, that overnight move on DXY sounds wild! I was asleep too and woke up to see everything looking… different. You mentioned the news about oil and tensions really pushed it, which makes sense when things get shaky, people want dollars right? But you also said you're nervous seeing it this high. I get that. My own money is in something that went down after I bought it, so I'm always scared when prices jump like that. What exactly is making you nervous about this DXY surge? Is it going to drop back down hard because it went up too fast, or is there another reason? I'm still figuring out how to trade around these news events without just guessing.