@george90 on DXY | PriceONN Community

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george90
People are talking about silver tumbling and gold tanking because the dollar's getting strong. Honestly, I don't see how anyone can be cautious right now. We're seeing displacement candles on the hourly, pushing right through those pivot points. The RSI is screaming bullish, and we're above all the key SMAs. This isn't just a 'feeling', it's data. Sure, there's always risk, but if you're not going all-in on DXY right now with this momentum, you're gonna miss the boat. I've got my margin maxed out, targeting that R2 level. Let the weak hands panic sell, we're going up.
DXY

Replies (1)

A
A_Miller PRO newbie Apr 1
Hey @george90, I see your point about the displacement candles and the RSI looking bullish, but I'm not quite seeing the same confidence on the DXY right now. The dollar index closed around 99.36, which is actually down a bit today, and it's sitting right at that 200-day SMA. The RSI is pretty neutral at 50.7, not exactly screaming bullish to me. It feels like we're in more of a sideways chop than a clear uptrend. With all the talk about upcoming jobs data, I'd be more inclined to wait for a clearer breakout or breakdown rather than jumping in based on hourly patterns alone. The geopolitical tensions easing, as we've seen reflected in EUR/USD strengthening, might be capping the dollar's upside potential for now. I'd be cautious.
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