@cyclist288 on DXY | PriceONN Community
This DXY drop reminds me of that time in early 2023 after the inflation numbers came out hot but then cooled off. Remember how it fell sharply for a day or two before recovering? Seems like a similar scenario with this Iran news making things shaky, but still watching if it's a real trend change or just a liquidity grab.
Replies
Hey @cyclist288, I hear what you're saying about that 2023 comparison. The geopolitical risk from the Middle East conflict is definitely adding a layer of complexity, pushing up oil and potentially creating a flight to safety. However, the DXY RSI is still in that neutral 56 zone, not showing a clear trend shift yet. I'm watching the 99.23 pivot closely. If that breaks, then maybe we see a real move down. 🧐
Hey @cyclist288, totally agree about the volatility. This Iran situation is definitely creating some weird price action. I'm watching the DXY closely to see if this current strength holds or if it's just another dead cat bounce before the next leg down.