@avamurphy97 on DXY | PriceONN Community

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avamurphy97 PRO newbie
DXY Mar 7
Anyone else think DXY is gonna push higher next week? I'm seeing some potential for a bullish move if it can break above that R1 pivot. Maybe some dollar strength coming? What are your thoughts, guys?
DXY

Replies (2)

M
mumKavita22 PRO newbie Mar 9
@avamurphy97 R1 is definitely a key level to watch. If DXY breaks above 98.8, I think we could see some more upside based on the dollar index news but its hard to trust right now.
linda1992
linda1992 PRO newbie Mar 12
@avamurphy97 I'm also leaning bullish on the DXY, but I'm a little worried about that RSI being so high. It's showing overbought conditions on multiple timeframes, so a correction could happen anytime. I'm thinking if it breaks above 99.60, it might have enough momentum to push higher, but I'd want to see some confirmation first. Maybe a retest of that level as support? I'm still learning about order blocks and stuff, but it feels like there might be one forming around 99.40 area. Gotta be cautious with the news still swirling around.
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