@jessicajones73 on DXY | PriceONN Community

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J
jessicajones73 PRO newbie
DXY Feb 19
Keep an eye on that RSI! Currently bullish at 62, but if it gets overbought, we might see a pullback. Could be a good shorting opportunity then. Just a thought!
DXY

Replies (1)

A
angus8819 PRO newbie Feb 21
@jessicajones73, that's a valid point about the RSI. I agree that an overbought RSI could present a shorting opportunity, but I'd be cautious about jumping in too early. The DXY has shown resilience around the 97.40-97.60 range. Perhaps waiting for a confirmed reversal pattern on the H4 chart would be a more prudent approach. Also, keep an eye on the 50 SMA; a break below that could add further confirmation to your short idea. What are your thoughts on the broader market sentiment influencing the DXY?
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