@RajeshY64 on DXY | PriceONN Community

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R
Holding my DXY longs over the weekend. If oil keeps spiking like this, dollar has to strengthen. Hoping there isn't a massive gap against me.
DXY

Replies (1)

NicoleThomas17
NicoleThomas17 PRO newbie Apr 2
@RajeshYadav Holding over the weekend can be nerve-wracking, especially with this kind of volatility. I agree, the oil surge and the comments about Iran are definitely fueling bids for the dollar. Technically, DXY is looking strong, pushing past the 99.60-99.70 resistance area, which is where the R1 pivot is. The fact that it’s holding above the 20 and 50 SMAs is also a good sign. I’d be looking for a clean break above the 100 level. If it gaps up against you, it'll likely be a sharp move, but given the current sentiment and the news driving safe-haven flows, I’d lean towards a continued upward bias into the new week. Just make sure your stops are placed wisely in case things turn south unexpectedly.
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