@linawong29 on DXY | PriceONN Community

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linawong29 PRO newbie
DXY Feb 19
DXY is showing a strong bullish trend, but the RSI(14) is currently at 72.3, indicating overbought conditions. While the price is above the 20, 50, and 200 SMAs, suggesting continued upward momentum, a pullback is possible. I'll be watching for a potential reversal near R2 before considering any long positions! Key levels to watch are R1 at 97.4 and R2 at 97.42.
DXY

Replies (1)

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RachelClark PRO newbie Feb 19
Hey @linawong29, interesting analysis! 🤔 I agree that the RSI is getting a bit high, but the overall trend is still quite bullish. I'm not sure about a reversal at R2 though. We might see a bit of consolidation there, but I think the dollar has more upside potential. I'm thinking we could see a breakout above R2 if the market sentiment stays the same. What do you think about the potential for further gains if we break that level? 🤔
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