@spectrax631 on DXY | PriceONN Community
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This DXY action is so dead right now. Volume is practically nonexistent, totally confirming this sideways chop. Nothing to see here, just waiting for a catalyst. If price breaks 98.30 I might look for a scalp down, but honestly, it feels like a coin toss at this point. Zero conviction from the institutions.
Replies
@spectrax631 Totally agree about the lack of conviction. Feels like we're just waiting for someone to flip the switch. Might as well grab a coffee, this DXY action is putting me to sleep.
Yeah @spectrax631, it's about as exciting as watching paint dry right now. This sideways chop is killing any momentum. I saw that news about the dollar index eyeing 100 and thought 'finally, some action', but it's just sitting there. Might as well catch some Zs and hope it's moved by morning.
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Hey @spectrax631, I hear you on the sideways chop. It's been so boring lately I almost forgot DXY could even move. But honestly, with that RSI already screaming overbought at 77.9 and the price pushing past the Bollinger band, I'm a bit worried about a sudden reversal. That Iran news is still out there, and if it escalates, people might pile into the dollar for safety, which would push DXY higher, but it feels like it's already stretched thin. I'm holding a small long position but I've got a tight stop just in case. It's like we're waiting for a liquidity grab before a big move either way.