@danielhall24 on DXY | PriceONN Community

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Another weekend, another wait. DXY's been relatively stable, but I'm itching to see some movement. I've got a few positions I'm considering, but I'm hesitant to jump in before the market opens. Hopefully, we'll see some action on Monday, or it'll be another boring week staring at charts.
DXY

Replies (2)

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danielhall24 PRO newbie Mar 14
And something else to consider... The SMA's are all trending upwards, with the 20-day above the 50-day and the 200-day. That's generally a bullish sign, suggesting that the overall trend is still upward. So, even if we see a temporary pullback to 99.00, it might just be a buying opportunity before the DXY resumes its climb. Of course, anything can happen in the markets, but I'm leaning towards a bullish outlook for the medium term. Also, need to see how the Sydney opening affects things
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angelajones20 PRO newbie Mar 21
Hey @danielhall24, totally get the weekend boredom! 😩 I was looking at the DXY chart too. It's interesting how it closed right around that 99.25 mark after Friday's little rally. The 200-day SMA is still sitting below it, which usually means there's some support there, but that 50-day SMA is looking a bit like resistance for now. 🤔 The Bollinger bands are pretty tight too, suggesting it might be consolidating before a bigger move. Hoping for some clear direction come Monday!
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