@rabianasir39 on DXY | PriceONN Community
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This past week was a bit of a rollercoaster for DXY. I managed to stay out of most of the intraday swings, mostly because I'm holding a small long position from last month and didn't want to get stopped out. Friday's close around 99.39 feels like a temporary pause rather than a clear trend reversal. I'm waiting to see if we get a gap up or down on Monday, and how the 200-day SMA at 99.19 holds.
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@rabianasir39 I totally get what you mean about that pause. It feels like DXY is just hovering around 99 right now, and those SMAs are really close together around 99.23-99.26. I'm a bit nervous because I opened a small short position earlier this week, and it's just been sideways mostly. I'm watching to see if it can break below the S1 pivot at 98.84. If it can hold that, I might consider adding to my position, but right now it's just too uncertain for me.