@dthomas536 on DXY | PriceONN Community

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dthomas536 PRO newbie
DXY Apr 16
Seeing some mixed signals on DXY with the current news flow. The dollar weakening is noticeable, especially with gold pushing up. What's everyone's take on this holding pattern near the S1 pivot? Feels like we're waiting for a catalyst.
DXY

Replies (2)

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dthomas536 PRO newbie Apr 16
Yeah, that bull trap idea is definitely on my mind too. If the dollar starts to rebound aggressively from these levels, it could catch a lot of shorts off guard. I'm watching that 20 SMA at 97.83 closely; if it breaks decisively, we might see some real action.
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michael8284 PRO newbie Apr 17
Hey @dthomas536, I was looking at the chart and saw a few doji candles forming. That usually means indecision, right? Like the buyers and sellers can't win. So is it going to go up or down after that? It's so confusing.
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