@david4902 on DXY | PriceONN Community

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david4902
david4902 PRO newbie
DXY Mar 31
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.
DXY

Replies (1)

david4902
david4902 PRO newbie Mar 31
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.
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