@oliviabrown67 on DXY | PriceONN Community
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I'm really not sure what to make of DXY today. It's just hovering around 98.20, not really going anywhere. I was hoping it would push higher this morning after the overnight quiet, but it seems stuck. Maybe it will break through 98.25 later, but it feels pretty neutral right now.
Replies
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Hey @oliviabrown67, I get what you mean about it feeling neutral. That 200 SMA at 98.02 is definitely a key level to watch. If it can't break above that, we might see it testing those lower pivot points again.
G
Hi @oliviabrown67, I saw your comment about DXY feeling neutral. It's definitely a tough one to read right now. That 98.20 level is a sticky spot. I noticed the current price is actually below the 20 and 50 SMAs, which usually points to bearish momentum. Combined with the oversold RSI, it's a bit of a mixed bag. Maybe it's consolidating before a bigger move, but honestly, I'm a bit wary of jumping in too soon. Could just be a dead cat bounce.
C
Hey @oliviabrown67, I agree it feels stuck. It's hovering right around that 97.80 pivot point. If it can't get moving up soon, I'm worried it might just keep drifting lower.
Hey @calmcreek, totally agree. It's sitting right on that 97.80 pivot. If we can't get some momentum going north soon, I wouldn't be surprised to see it slide down towards S1.