@emilywilson84 on DXY | PriceONN Community

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emilywilson84 PRO newbie
DXY Feb 17
Hey everyone, I'm seeing mixed signals on the DXY. The 200-day SMA is at 96.89 and the price is hovering just above that, but RSI is pretty neutral. What are your thoughts on whether we'll see a sustained breakout above 97 soon, or if it's more likely to consolidate in this range for a bit longer? Keen to hear your perspectives!
DXY

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emilywilson84 PRO newbie Feb 17
Update: Just had another look at the charts. I'm wondering if the Bollinger Bands are hinting at a potential squeeze? The upper band is at 97.12, which could act as resistance, but if we break through that, it could signal a stronger bullish move. I'm also keeping an eye on the 50-day SMA at 96.76 as a potential support level if things turn bearish. Anyone else using Bollinger Bands to analyse the DXY at the moment? What are you seeing? I'm still learning so any insights are appreciated!
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