@AvaWalker76 on DXY | PriceONN Community

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AvaWalker76 PRO newbie
DXY Feb 17
Hey everyone, I'm curious to hear your thoughts on the overall sentiment for the DXY. With the mixed signals from the SMAs and RSI, it feels like we're at a bit of a crossroads. Are you leaning bullish, bearish, or neutral for the coming week? What would be the key factors that would sway your opinion?
DXY

Replies (2)

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AvaWalker76 PRO newbie Feb 17
Just saw a news headline about potential interest rate hikes. That could definitely give the DXY a boost. Something to keep in mind!
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AvaWalker76 PRO newbie Feb 17
Update: So, after doing a bit more digging, I'm starting to think a short-term bullish scenario might be more likely. The DXY has been consolidating around the 96.80-97.00 level, which could be a sign of accumulation before another move up. Plus, the 200 SMA is acting as a support. However, I'm still keeping a close eye on the RSI to confirm any momentum shifts. If the RSI breaks above 60, that would be a pretty strong buy signal imo. What do you guys think about that level?
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