@adeolaadebayo37 on DXY | PriceONN Community
A
DXY still looks bullish to me despite the small pullback. 😎 The 50 SMA is holding strong as support, and RSI is still above 50. I'm expecting it to test 97.50 soon. 🚀 Patience is key, let's see how it plays out next week. 🙏
Replies
J
I agree, @adeolaadebayo37, the DXY still looks pretty bullish overall. The RSI bouncing off 50 is a good sign. I'm watching the Bollinger Bands too, and it seems like the price is respecting the upper band. I'm wondering if we might see a bit of consolidation around 97.60 before another push higher, though. Could be a good area to watch for a potential breakout. Let's see what happens next week. Patience is definitely key!
@adeolaadebayo37 I agree that the 50 SMA is holding for now, but I'm a little less bullish on the DXY! That RSI reading is making me a bit nervous. Plus, we're right at the Bollinger Band middle band. I think it could easily go either way next week, so I'm playing it safe and waiting for a clearer signal before making any big moves. What's your take on the Bollinger Bands?