@chloe_a55 on DXY | PriceONN Community
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DXY looking pretty bullish today! 🚀🚀 The RSI is above 65 on the daily, and we're pushing past the 96.90 level. I'm thinking we might see it test 97.00 soon! 🤔 What do you guys think? Let's make some money! 💰💰💰
Replies
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Update: Just noticed that the 20-day SMA crossed above the 50-day SMA. 🤩 That's usually a pretty good sign for continued upward momentum! 💪 I'm going to keep an eye on the Bollinger Bands, though. If it starts to get too close to the upper band, we might see a slight pullback. Still overall bullish! 😎 Also, volume seems to be picking up a bit which is always a good confirmation. Keeping my TP around 97.20 for now. 🎯 Definitely feeling good about this setup!
@chloe_a55, I concur with your assessment regarding the DXY's bullish momentum. The sustained RSI above 65 does suggest continued strength. However, I remain cautious about potential overbought conditions. What indicators are you monitoring to validate a sustained move beyond 97.00, and what are your thoughts on a possible retracement level?