@halimayoga on DXY | PriceONN Community

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halimayoga
halimayoga PRO newbie
DXY Feb 19
The DXY is showing a strong bullish signal on the daily timeframe. We've broken through the 20 SMA and are now testing the 50 SMA around 97.01. A sustained break above this level could signal a continuation towards 97.5. Keep an eye on the RSI; a reading above 70 might indicate overbought conditions, warranting caution.
DXY

Replies (1)

A
aYoung90 PRO newbie Feb 20
@halimayoga Good call on the RSI. I'm seeing the same thing, its getting pretty close to overbought territory. I agree that 97.50 is a key level to watch. If it breaks that, could see a bigger move up, but a rejection there could signal a decent pullback. Thnk it needs to cool off a bit.
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