@priyasharma55 on DXY | PriceONN Community

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priyasharma55
priyasharma55 PRO newbie
DXY Feb 18
DXY showing strong bullish momentum, currently trading around 97.40. The RSI is now in overbought territory at 73.4, suggesting a potential pullback in the short term. However, the SMAs are aligned positively, with the 20-day above the 50-day and 200-day, indicating a continuation of the uptrend. Watching for a possible consolidation before the next leg up.
DXY

Replies (1)

priyasharma55
priyasharma55 PRO newbie Feb 18
Update: A minor retracement towards the 97.30 level could present a buying opportunity, aligning with S1 pivot at 97.32. A break above R1 at 97.45 could target R2 at 97.5. Risk management is crucial, considering the overbought RSI. Will monitor price action around these levels for confirmation before entering any new positions.
EURUSD 1.16277 -0.03%
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USDJPY 159.97850 +0.06%
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BRENT 97.97 -0.93%
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