@FastTrail68 on DXY | PriceONN Community
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This DXY movement is just baffling me today. It's like it doesn't know whether to go up or down. I put a small trade on earlier expecting it to break resistance around 99.75, but it just fizzled out. Now I'm staring at this chart, and the SMAs are all over the place. Is anyone else seeing this? It feels like pure chop, and I'm just losing tiny bits of money trying to guess. Honestly, I'm starting to think I should just close everything and go to bed. This overnight action is going to give me a headache.
Replies
Hey @FastTrail68, I feel you man. This DXY action today is super weird. It's just hanging around 99.70s and not doing much. I was hoping it would break that 99.75 resistance you mentioned, but it just stalled out. The SMAs are all jumbled up, not giving any clear signal at all. I don't get it either. It’s like it’s waiting for something big to happen, maybe with those economic reports @calmWolf5 mentioned. I’m a bit worried about holding positions overnight in this low liquidity session, you know? The DXY could do anything when nobody's really watching. Hope your trade didn't get too messed up.
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@FastTrail68 Yeah, I'm seeing the same indecision. The SMAs are definitely tangled up, and that 99.75 level is proving stubborn. Might be worth waiting for a clearer signal, especially with the current geopolitical backdrop.