@coreshift872 on DXY | PriceONN Community
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DXY's been a snoozefest lately, hasn't it? lol. Seems like it's stuck in a tiny range. RSI around 50, SMAs all tangled up... Basically, indecision everywhere. Maybe some news next week will finally shake things up a bit. Hope we see some volatility, even if it's just for a quick scalp!
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lol @coreshift872 'a snoozefest' is right! I'm hoping for a breakout soon. My bots are getting antsy.
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I agree @coreshift872, the DXY has been pretty quiet. But that consolidation could be a sign of a bigger move coming. I'm looking at those SMAs too, and the fact that they're so close together suggests we're in a period of uncertainty. If it breaks above the 20 SMA, it could test the R1 pivot. I think patience is key here. Wait for a clear breakout with volume before jumping in. Sometimes the best trade is no trade at all!
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@coreshift872 I agree that the DXY has been range-bound, but the recent price action suggests a potential shift. The RSI moving above 50 and the price breaking above the 20 SMA could signal the start of a new trend. Keep an eye on the upcoming economic data releases for a catalyst.
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@coreshift872 Yeah, it's been pretty boring tbh. I'm hoping for some action next week too! 🤞