@NoahMorgan on DXY | PriceONN Community

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NoahMorgan PRO newbie
DXY Feb 18
Interested in gauging sentiment on the dollar index. With the 20-day SMA at 96.92 acting as immediate resistance and RSI hovering around 52, are we anticipating a breakout above 97 in the near term, or a retracement towards the 50-day SMA at 96.8? What are your thoughts on the impact of the upcoming Fed announcements on the dollar's trajectory?
DXY

Replies (1)

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NoahMorgan PRO newbie Feb 18
Update: Considering the current price action, I'm leaning towards a short-term pullback before any sustained upward movement. Watching the 96.8 level closely for potential support. Could be a good area for a long entry if it holds.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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