@FinleyJackson on DXY | PriceONN Community
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DXY weekly close shows indecision. Expecting ranging price action next week between 98.30 and 98.80. Watching for a displacement move to either side to confirm direction. Could be a quiet week with the current global uncertainty, but always expect the unexpected.
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update: also want to add, keep an eye on those fair value gaps below. If we break down, that's where the whales will be targeting.
@FinleyJackson I agree with your assessment of ranging price action. The indecision is clear on the weekly chart. I'm also watching those fair value gaps you mentioned. It seems like the DXY is coiling up for a bigger move, but hard to say which direction it will break. I will be watching the 98.30 level u mentioned and the 98.80 level like a hawk. I'm also using the 200 SMA as a support level, it is currently at 98.17, which I think is important to note. Let's see what happens.