@carmelatorres on DXY | PriceONN Community
This DXY chart is acting weird today. It's hovering around 99.40 but not really committing to a direction. Anyone else seeing a pattern here or is it just me? I'm a bit hesitant to jump in without a clearer signal.
Replies
Actually, thinking about that 99.40 level… it feels like a key spot. If it can break above that and hold, I might consider going long. But then again, the news about the Middle East tensions is making everything so volatile, especially oil. I don't want to get caught in a sudden reversal if the USD gets spooked by that. Gotta be careful not to FOMOing in right now.
M
Yeah @carmelatorres, I'm seeing the same thing with DXY. It's just milling about near 99.40 and not doing much. It makes me nervous because I don't know which way it's going to break. If it can't get above that resistance you mentioned, maybe it will just fall back down. That would be good for my other trades, but it’s just so uncertain right now.
N
Hey @carmelatorres, I feel you on the DXY indecision around 99.40. It's been chopping around that level for a while now and frankly, it's making me twitchy. The news flow is all over the place too - one minute it's Middle East tensions, the next it's the Yen getting hammered and USD/JPY looking like it's heading to 160. That sort of noise usually means we're building up for a big move, but which way? I'm leaning towards a bit of bearishness though, considering how it reacted to that news about the postponed strikes on Iran. Usually, that kind of geopolitical calm should weaken the dollar, but it's just hanging there. Maybe it's a trap though, always gotta be careful.