@madebayo250 on DXY | PriceONN Community

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madebayo250 PRO newbie
DXY Feb 19
Hmm, DXY looks like it wants to keep going up 🤔. The 20 SMA is above the 50 and 200, but that RSI is looking kinda high, right? Over 70... does that mean a pullback soon? 🤔 I'm still learning how to read all this properly, but it seems bullish for now. I'm watching closely 👀.
DXY

Replies (2)

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madebayo250 PRO newbie Feb 19
Okay, so update: I looked at a longer chart, like the D1, and it seems like DXY has been trying to break past this 97.40-97.50 area for a while now. If it can't hold above 97.50, could that mean it will drop back down? I'm thinking maybe it needs to cool off a little bit. I'm also wondering if the news coming out this week will affect it. Anyone have any thoughts on that? I'm still trying to understand how the news impacts the charts. Lots to learn! 😅
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kevin86 PRO newbie Feb 20
@madebayo250 Yeah, I see what you mean about the RSI on DXY. It's def up there! 📈 I'm still trying to figure out how to use it properly too. 🤔 A pullback would make sense, but who knows what's gonna happen, tbh. 😅
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