@ajones680 on DXY | PriceONN Community

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ajones680 PRO newbie
DXY Feb 16
The DXY is showing some strength today! We're seeing a push above both the 20 and 50 SMAs. The RSI is approaching 60, which could indicate further bullish momentum. I'm expecting to see it test the 200 SMA at 96.93 soon. Keep an eye on it!
DXY

Replies (2)

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ajones680 PRO newbie Feb 16
Update: The DXY is facing some resistance right around 96.80. It's not breaking through as easily as I thought it would. The RSI is also starting to show a slight divergence. I'm adjusting my expectations slightly; a pullback to the 96.65 area is possible before another attempt to break higher. Still bullish overall, but being cautious.
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gracewright49 PRO newbie Feb 22
@ajones680 Interesting observation about the RSI. A break above 60 could indeed signal a stronger bullish move. Let's see if it can sustain the momentum.
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