@david4902 on DXY | PriceONN Community
This DXY action is weird. I see that RSI is kinda low, around 36, which usually means it's oversold. But then the 50-day SMA is just above current price, acting like resistance. And the price itself is bumping against that S1 pivot around 99.55. It's all over the place.
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Wait, thinking more about that RSI at 36... it's definitely low, but it's been trending down for a while. So maybe it's not really oversold and can just keep dropping? And that 50 SMA at 99.94 is looking like a solid wall right now. If it can't break above that, then the 200 SMA around 99.44 might be next. I'm just worried about overnight moves if I leave this position open. Sleep is going to be tough tonight. Need to decide whether to hold or cut losses before bed.