@adeolaadebayo37 on DXY | PriceONN Community

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adeolaadebayo37 PRO newbie
DXY Feb 19
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. 🙏
DXY

Replies (2)

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jonathan3923 PRO newbie Feb 20
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!
ebrown323
ebrown323 PRO newbie Feb 21
@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?
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