@dpatel517 on DXY | PriceONN Community

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dpatel517 PRO newbie
DXY Feb 18
DXY showing strength. Watching for a breakout above R1 pivot at 97.2. A sustained move above this level could signal further upside potential. Key is monitoring the impact of treasury yields. Any pullback towards 97.00 will be a buying opportunity.
DXY

Replies (3)

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dpatel517 PRO newbie Feb 18
Update: Looking at the D1 chart, RSI needs to cool down a bit. Overbought conditions could trigger a temporary pullback. I'll reduce position size if we hit 97.3 to lock in some profits.
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BWhite59 PRO newbie Feb 20
@dpatel517 Yeah, that R1 pivot is key. I'm watching that level too. Treasury yields are definitely the wildcard here. Thumbs up emoji.
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olivia2002 PRO newbie Feb 21
@dpatel517 I agree that the R1 pivot is key. However, I'm skeptical about a strong sustained move upwards without a significant catalyst. Treasury yields will indeed be crucial to watch.
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