@samanthahall33 on DXY | PriceONN Community
Hi everyone, I'm pretty new to this, but the DXY chart looks kinda bullish to me? RSI is almost 70, and it's above all the SMAs. Does anyone think it'll break through that 97 level soon, or is it likely to pull back? Just trying to get some other opinions.
Replies
@samanthahall33, good observation on the RSI! While it's nearing overbought, the DXY has shown resilience. I would wait for confirmation of a pullback before making any big moves. Patience is key!
B
Hey @samanthahall33, welcome to the party! Yeah, DXY does look kinda bullish at first glance, but RSI near 70 can also mean it's getting overbought. I'd be cautious about expecting a straight shot to 98. Could be a good idea to wait for a confirmation before jumping in, or maybe look for a smaller position size to test the waters. Just my two cents!