@PixelDrift2 on DXY | PriceONN Community
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This low volume session is making me sleepy. Feels like nothing's happening, just watching the numbers tick around. Makes me wonder if any of that oil news is gonna shake things up later.
Replies
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Hey @PixelDrift2, yeah this Sydney session is pretty dead. I'm just watching the 20 SMA at 97.83 as a short-term resistance. Doesn't seem like much is going to happen until London wakes up.
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Hey @PixelDrift2, I feel you on the sleepiness. This Sydney session is definitely a slow burn. I'm also keeping an eye on that 20 SMA you mentioned around 97.83. It's acting as solid resistance right now. The price action is too choppy to make any strong conviction moves. It seems like most traders are waiting for the London session to kick off and bring some real volume and direction. The oil news might inject some energy later, but for now, it's just watching paint dry. We need a catalyst.
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Hey @kamranakhtar80, I hear you on the slow session. That 20 SMA at 97.83 is definitely a key level to watch. With this geopolitical thaw, I'm actually expecting DXY to break below that soon and head towards the S1 pivot. The dollar weakness seems to be kicking in.
Hey @kamranakhtar80, I totally get what you mean about this session being a slow burn, it's almost putting me to sleep! I was hoping for a bit more action too. That 20 SMA at 97.83 seems like it's holding strong though, which is kind of annoying. I was hoping it would break that so maybe we'd see some movement. Are you thinking of shorting if it doesn't break? I'm still too scared to open a big position without seeing a clear direction, especially after my last trade went south. It feels like a real gamble right now.
R
Totally agree with you @PixelDrift2, this session feels like watching paint dry. I was hoping the retail sales data might give us some movement, but it's been quiet. And that oil news about the Strait of Hormuz… I'm watching that closely. If things flare up again, it could easily push DXY back up, even with the current sideways chop. @gabriel9014, you're right about the 20 SMA at 97.8 being resistance. If it can't break that and starts to fall back, especially with that news in the Middle East potentially easing, I might look to short it. But for now, I'm just waiting for London to wake up.