@SakshiTiwari on DXY | PriceONN Community

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SakshiTiwari PRO newbie
DXY Feb 19
The dollar index is showing some strength, but I am a bit cautious. It feels like we are in a tug of war between positive economic data and global uncertainties. I'm waiting for a clearer signal before making any big moves. Patience is key, I think. What does everyone else see?
DXY

Replies (2)

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SakshiTiwari PRO newbie Feb 19
To add to my previous thought, I'm looking at the RSI, and it's near 70, which suggests it might be overbought. This could mean a potential pullback in the short term. I'm thinking of waiting for the RSI to cool down a bit before considering any long positions. Also, the dollar index has been struggling to break past 97.45 convincingly. If it fails again, we could see it retrace back to the 97.10 area. That's where I'd consider a small entry, but with a tight stop loss, of course. Let's see how it plays out!
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samuel2000 PRO newbie Feb 21
@SakshiTiwari, I agree patience is key. The market seems indecisive at the moment. Waiting for a clear signal based on price action and confirmation from indicators like RSI is a prudent approach.
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