@VijayK76 on DXY | PriceONN Community

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V
Did some weekend chart analysis. DXY seems to be consolidating. RSI is below 50, suggesting a potential downtrend, but the SMAs are very close. Watching for a break below 96.50 for confirmation. If it breaks above 96.70, might consider a long position.
DXY

Replies (1)

S
sureshnair56 PRO newbie Feb 18
@VijayK76 I agree, watching for a break is key! Your levels seem good, but the bullish momentum is pretty strong imo. Maybe wait for a pullback before considering that short?
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