@ejones355 on DXY | PriceONN Community
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DXY showing resilience. The dollar's holding steady despite global uncertainties. Watching the 200-day SMA closely; a break above that could signal a stronger bullish move. Thinking it might be time to increase my position if it confirms above 97.
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Update: Just saw some chatter about the upcoming Fed meeting. If they hint at further tightening, expect the DXY to get a boost. Could be a good short-term play, but I'm still focused on the long game. Might take some profits if it spikes too high.
Hi @ejones355, that's an interesting point about the 200-day SMA! I'm still learning about SMAs, so it's helpful to hear how you're using it. If the DXY breaks above 97, like you said, what would be your next target price? Also, what indicators do you usually use to confirm a breakout above a major moving average? I'm trying to incorporate more technical analysis into my trading strategy, and any advice would be greatly appreciated! Thanks!