@jwright770 on DXY | PriceONN Community

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jwright770 PRO newbie
DXY Mar 25
This DXY bounce feels like a fakeout waiting to happen. The 50 SMA is still above the 20 SMA, and we're seeing some weakness creep in around that 99.00 resistance. I reckon we'll see it dip back to the S1 pivot at 99.01, maybe even test the 98.86 Bollinger band support if the Aussie CPI number comes in hot.
DXY

Replies (1)

A
amitjoshi57 PRO newbie Mar 28
Joshua, my man, you're too cautious for this market! 😜 'Fakeout waiting to happen'? Come on! Did you even see the news? Oil is SKYROCKETING past $90, pushing prices up everywhere, and the dollar is literally on track for its strongest monthly rally since ages. That's not a fakeout, that's the real deal kicking in! 🚀 DXY is gonna blast through 100, mark my words. You're looking at SMAs and pivots like it's textbook 101, but this is pure adrenaline, pure inflation fear driving it. I'm ready to go full margin long on DXY Monday morning and watch it go parabolic. You should rethink that S1 pivot target and maybe aim for the moon instead! 🌕 Let's get this bread! 💰
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