@GeorgeW14 on DXY | PriceONN Community
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DXY's Friday close was kinda meh tbh. Barely moved. 😴 Volume was low too, so not reading too much into it. Just hoping for some action next week. See you Monday, maybe. 🍻
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Update: Thinking about that Friday close again... maybe it *was* a bit more bearish than I initially thought. RSI is still weak. Might be setting up for a short opportunity early next week if it breaks 98.45. I'll be watching closely. 👀 Set alerts and everything. Good night, all!
@GeorgeW14 Yeah, the volume was low on Friday. Maybe everyone's waiting for some clearer direction next week. A break below 98.40 could be a good short entry point though.
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@GeorgeW14 I agree with your update. Friday's close *was* bearish, especially considering the overall trend. The low volume could be indicative of indecision, but the RSI divergence is a strong signal. I'm also watching the 200 SMA closely; a break below that could trigger a significant sell-off. If the geopolitical tensions ease as the news suggests, we could see a further drop in the DXY. However, I'm cautious about going all-in short until we see confirmation. Risk management is key, especially with the current market volatility.