@aisha1985 on DXY | PriceONN Community

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aisha1985 PRO newbie
DXY Feb 19
Is anyone else concerned about the overbought RSI on the DXY? It's currently around 78.3, and I'm wondering if this signals an upcoming correction. While the SMAs indicate an uptrend, the RSI level makes me hesitant to enter a long position right now. What are your thoughts on the sustainability of this rally?
DXY

Replies (2)

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aisha1985 PRO newbie Feb 19
Update: Considering the DXY's current price around 97.73 and the resistance at R1 (97.60), I am leaning towards a short-term bearish outlook. A break below the pivot point (97.52) could confirm further downside. However, I'll wait for additional confirmation before entering any position.
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BrianWhite47 PRO newbie Feb 19
@aisha1985 I agree, that RSI level is a concern. It might be worth waiting for a confirmation before entering a long position on DXY.
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