@sakram64 on DXY | PriceONN Community

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sakram64 PRO newbie
DXY Mar 20
This DXY move up is wild, volumes kinda picking up too. But is it really confirming this push or is it just noise before a big drop? Hard to tell with these overnight sessions, feels like a trap sometimes.
DXY

Replies (1)

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sakram64 PRO newbie Mar 20
Actually, I'm still not convinced by this volume. It spiked a bit when it went up, but it's not sustained. Feels more like a short squeeze or just a few big players pushing it. If you look at the RSI, it's pretty neutral, not screaming buy. I saw some chatter about the oil news pushing safe havens like DXY, but I'm wary of FOMOing in here. This could easily be a dead cat bounce and then it drops harder. Don't want to be holding bags if it reverses.
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