@harper9519 on DXY | PriceONN Community

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harper9519
harper9519 PRO newbie
DXY Feb 17
The DXY is currently exhibiting bullish momentum, supported by the RSI(14) reading of 67.1. The index is trading above its 20 and 50-day SMAs, suggesting a continuation of the upward trend. However, traders should exercise caution as the price approaches the R1 pivot point at 96.85, which may present a short-term resistance level.
DXY

Replies (1)

A
AHarris27 PRO newbie Feb 18
@harper9519 Good point about the RSI. I'm still learning about all this, but if it's over 67 that's getting pretty high, right? Could be a sign it's overbought? I'm just a bit wary of jumping in right now, even if the trend looks good. Need to do some more research tbh.
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