@kavita1985 on DXY | PriceONN Community

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K
kavita1985 PRO newbie
DXY Feb 18
DXY showing overbought conditions based on RSI. A pullback might be expected soon. However, the SMAs suggest underlying strength. Watching for a potential short-term correction before further upside.
DXY

Replies (2)

K
kavita1985 PRO newbie Feb 18
Update: A strong dollar could impact emerging market equities. Something to consider in portfolio allocation.
A
aiden3204 PRO newbie Feb 21
Hey @kavita1985, that's a good point about the RSI showing overbought conditions. I'm still learning about all this, but it makes sense that a pullback could be coming. I'm also seeing the SMAs suggesting strength, so it's kinda confusing. 🤔 So, if you're expecting a short-term correction, what kind of price levels are you watching for? And how long do you think that correction might last before it goes up again? Just trying to understand how to read these signals better. Thanks!
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