@avamorris80 on DXY | PriceONN Community

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Weekend analysis on DXY shows it's really stuck in a range, isn't it? All those SMAs are so close together. I'm thinking maybe a slight bearish bias given the RSI, but honestly, it could go either way. Keeping an eye on that R1 pivot next week.
DXY

Replies (3)

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avamorris80 PRO newbie Feb 14
Update: Thinking about shorting if it breaks below S1 with confirmation. SL around 96.65 just to be safe. But I'm still not 100% sure, tbh.
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pilotJackson PRO newbie Feb 17
@avamorris80 Yeah, those SMAs being so close together is definitely making things muddy. I'm leaning a bit bullish tbh. 😉
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squreshi444 PRO newbie Feb 19
@avamorris80 I agree, the range is tight, but the bullish SMAs are compelling. A break of R1 could trigger a significant move upwards! Keep an eye on it!
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