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Anyone using the 50-day SMA as a key level for DXY? I've seen it bounce off it a few times but it's sitting right around 99.60 now. Trying to figure out if it's a reliable indicator for scalping this late at night or if I should be looking at something else like the 200-SMA.
Hey @daniel89, I agree the 50-SMA around 99.60 is a key level. For scalping, I find price action more reliable near session close. If DXY breaks below the 99.16 Bollinger Band and that S2 pivot, I'd be looking for shorts. The 200-SMA at 99 is a big one, but that feels far off right now with the current volatility.
