@BlackHawk10 on DXY | PriceONN Community

Update: I'll be monitoring the RSI closely on the H4 timeframe for any potential divergence as an early signal. A divergence could indicate a possible trend reversal or at least a short-term pullback.

@BlackHawk10 I agree about the 200-day SMA. It's been a tough level to crack. I'm wondering if the slight upward trend we're seeing now is just a temporary bounce before another leg down. The dollar's been pretty weak lately, but it's also been consolidating around this level for a while. The geopolitical situation is also a factor, with all the uncertainty... Think I'll wait for a clearer signal before making any big moves tbh. Maybe wait for a break above or below the SMA to confirm a direction.

@BlackHawk10 Your observation regarding the DXY's struggle below the 200-day SMA is valid. It's a key level to watch. However, I would add that the recent price action indicates a potential shift in momentum. While the 200 SMA has acted as resistance, the index has been making higher lows, suggesting that buyers are becoming more aggressive. A confirmed break above the 200-day SMA, coupled with supportive economic data, could signal a significant bullish reversal. I think it is worth watching the behavior at the 97.70 level, as a break there could indicate further upside. Risk management is crucial in such scenarios, as false breakouts are always a possibility. Careful monitoring of price action and confirmation signals is recommended. I agree on the need to see how the week opens.