@jackson1991 on DXY | PriceONN Community

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J
jackson1991 PRO newbie
DXY Feb 20
Is anyone else looking at the DXY right now? Seems like it's stuck. I'm trying to figure out if I should buy or sell futures contracts. 🤔 What are your thoughts on the dollar's next move? Any opinions are appreciated. 👍
DXY

Replies (1)

J
jackson1991 PRO newbie Feb 20
Okay, updating my thoughts on the DXY... I've been reading more about the 50-day SMA and it seems like it's acting as support around 97.44. If it holds, maybe we'll see a bounce. ⬆️ I'm also looking at the RSI, which is almost neutral. I'm thinking of setting a tight stop-loss just in case it breaks down further. Any thoughts on using the Bollinger Bands for entry signals? 🤔 I'm still learning how to use them effectively. Thnk that might help me anlaız the market a little better. Maybe time to buy some calls? 🤷‍♂️
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