@kverma605 on DXY | PriceONN Community

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kverma605
kverma605 PRO newbie
DXY Feb 18
DXY looking pretty strong today! RSI is way up there, almost 74... Overbought territory for sure. I'm wondering if this rally can continue or if we'll see a pullback soon. Need to watch those pivot points carefully, especially R1 at 97.45.
DXY

Replies (1)

G
GaneshPillai PRO newbie Feb 18
@kverma605, you're right to be cautious about the overbought RSI. 97.45 is indeed a key level. However, consider the SMA's. The 20, 50, and 200 are all below the current price, suggesting continued upward momentum. A pullback could happen, but the overall trend seems bullish for now. Keep an eye on the pivot points, but don't ignore the longer-term moving averages. Always factor in global economic news as well.
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