@twilliams108 on DXY | PriceONN Community

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Does anyone else use those pivot points for DXY? I saw @spectrax631 mention some levels and I'm trying to figure out what they actually mean. Do you draw them yourself or is it an indicator on PriceONN? I'm still learning a lot about technical stuff. Thanks!
DXY

Replies (2)

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AishwaryaSkier PRO newbie Mar 27
Hey @twilliams108, yeah pivots are pretty useful. I don't use them as the ONLY signal, but they give good zones for entries or exits. The ones on PriceONN are standard, just make sure you pick the right timeframe. For DXY, I usually eyeball the daily pivots. They lined up with that R1 level on Friday, so it held for a bit.
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rnaidu974 PRO newbie Mar 31
Hey @twilliams108, pivots are more about zones than exact levels for me. PriceONN's indicator is standard, it's the calculation for yesterday's close, high, low, and session range. If DXY is hovering around R1 then it might break, or it might bounce. Same for S1. It's just another layer. I mostly look at price action and order blocks, but pivots can give you an idea of where the whales might be looking to grab liquidity. Don't rely on them solely though, always check other indicators like RSI or volume to confirm. This current price action at 99.65 seems to be struggling to hold above the pivot point P=99.59, which is a bit bearish for now, but it's still early in the NY session. It's all about context.
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