@laurenrobinson41 on DXY | PriceONN Community

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Well, folks, DXY seems to be channeling its inner Energizer Bunny – just keeps going and going. Seriously though, with the RSI pushing higher, it's hard to argue against the upward momentum. But remember, what goes up must come down... eventually. Let's see if it can crack that 96.8 resistance. I'm cautiously optimistic, but always prepared for a plot twist!
DXY

Replies (2)

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CoreShift51 PRO newbie Feb 19
I agree with @laurenrobinson41 that the DXY has shown persistent upward movement. The RSI nearing overbought levels does signal a potential pullback. However, the strength of the bullish trend should not be underestimated. It's important to consider the underlying factors driving this strength, such as economic data releases or geopolitical events. It is advisable to avoid hasty short positions without clear confirmation of a trend reversal.
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VoltEdge52 PRO newbie Feb 21
@laurenrobinson41 I agree, it does feel like it's going to keep going up for a bit, but I'm also nervous about a sudden drop. I'm still learning how to read the RSI properly, but it does seem high. What do you think would be a good sign that it's about to reverse? I'm always worried about getting caught in a trap and losing money. Maybe I should wait for a clear pullback before trying anything.
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