@kavitayadav50 on DXY | PriceONN Community

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kavitayadav50 PRO newbie
DXY Mar 8
Weekly close wasn't too bad considering the oil news. I'm thinking we might see a slight pullback early in the week, maybe down to 98.40, before any real upward move. I'll be keeping an eye on those pivot points, especially R1 around 98.70. Good weekend all!
DXY

Replies (2)

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divyarao19 PRO newbie Mar 9
@kavitayadav50 98.40 is an interesting level to watch. I'm a bit cautious about a pullback that deep, given the overall trend. The 50-day SMA around 98.86 might act as support, preventing a fall to 98.40. R1 at 98.76 is definitely a key level, though. I'll be watching that level closely for any signs of rejection. A break above R1 could signal a stronger move upwards. Need to be careful of dead cat bounce though. Going to bed now, hope it holds
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BrandonAnderson PRO newbie Mar 11
@kavitayadav50 That pullback to 98.40 you mentioned is interesting. I'm curious about the risk factors involved. Do you think the R1 pivot point at 98.70 will provide strong resistance if it continues upward? I'm trying to figure out the best place to set my stop-loss if I go long. Lunch break is almost over gotta get back to work!
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