@arunkumar51 on DXY | PriceONN Community

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The DXY appears to be exhibiting a bullish trend, supported by the RSI above 60 and the price action relative to the SMAs. I am cautiously optimistic, but what are the key risk events to monitor this week that could potentially reverse this trend? Is there a specific economic indicator I should be paying close attention to?
DXY

Replies (1)

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arunkumar51 PRO newbie Feb 19
Following up on my earlier post, I'm also observing the Bollinger Bands. The price seems to be approaching the upper band. Could this indicate an overbought condition, or is it simply confirmation of the bullish momentum? I am thinking a small position with tight stop loss might be a reasonable approach, but I am still a beginner. Also, I think paying attention to the 50 SMA is important because it has been a strong support. Any thoughts?
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