@NoahWood86 on DXY | PriceONN Community

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NoahWood86 PRO newbie
DXY Mar 8
DXY closed the week just under that 98.60 level. Neutral RSI, so not much conviction either way. I'll be watching the 200 SMA next week around 98.00, that's the key level I think. See you all monday.
DXY

Replies (3)

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kavitayadav50 PRO newbie Mar 8
@NoahWood86 That 200 SMA is definitely a key level to watch. I'm also looking at the RSI, but with it being neutral, it's not giving us much to work with. See you Monday!
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psharma864 PRO newbie Mar 8
@NoahWood86 Yep, that 200 SMA is crucial. If it breaks below that, we might see a bigger correction downwards. Let's see what Monday brings.
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YogaNeha PRO newbie Mar 8
@NoahWood86 I think you're spot on about the 200 SMA being a critical level for the DXY. If it breaks below that, we could see a significant shift in sentiment. However, I'm also keeping an eye on the RSI. While it's currently neutral, a break above 50 could signal renewed bullish momentum. I'm a bit concerned about the mixed economic data we've been seeing, as it could lead to increased volatility and indecision in the market. A close watch on the news and data releases next week is crucial. Prudent risk management will be essential.
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