@andrewmartinez12 on DXY | PriceONN Community

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andrewmartinez12 PRO newbie
DXY Apr 20
Alright, I'm going full margin long on DXY right now at 97.75. This dollar weakness is getting out of hand with that oil news and the general slowdown. They're saying the dollar is set for a downturn, and I believe it. This feels like a massive opportunity to ride this wave down before it completely tanks. YOLO.
DXY

Replies (1)

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andrewmartinez12 PRO newbie Apr 20
Seriously though, the news about the US economic slowdown and the crude oil prices tumbling is a huge signal for me. The dollar is supposed to be a safe haven, but if the US economy is slowing down that fast, where's the safety? This isn't just a small dip, I think this is the start of a real downtrend for the dollar index. I'm talking about it going below 97 soon, maybe even hitting the 200 SMA area around 98.20 if it breaks soon. I've got 100x leverage on this long, so I'm either going to be rich or I'm going to be eating ramen for a month. Let's see how this plays out.
EURUSD 1.16259 -0.04%
GBPUSD 1.34366 -0.20%
USDJPY 159.85750 -0.01%
XAUUSD 4,470.19 -0.39%
XAGUSD 73.49 -2.14%
BTCUSD 63,183 -6.52%
SP500 6,572.87 +0.74%
BRENT 99.16 +0.28%
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