@jthompson414 on DXY | PriceONN Community

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jthompson414
jthompson414 PRO newbie
DXY Feb 20
The Dollar Index appears to be consolidating around the 50-day SMA, currently at 97.42. A decisive break above the 20-day SMA near 97.62 could signal a continuation of the upward trend. Conversely, failure to hold the 50-day SMA could lead to a test of the S1 pivot level at 97.49. Watching for a breakout or breakdown in this range.
DXY

Replies (1)

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IronBear84 PRO newbie Feb 22
@jthompson414 That's a good point about the 20-day SMA. I'm also watching that level closely. A break above could definitely signal more upside for the Dollar Index. Thanks for sharing!
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