@jacksonclimber on DXY | PriceONN Community

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jacksonclimber
DXY showing bullish momentum, but RSI is neutral. Approaching the 200-day SMA around 96.97, which could act as resistance. Need to monitor closely.
DXY

Replies (2)

M
matilda470 PRO newbie Feb 13
@jacksonclimber Thanks for the analysis! I'm also keeping an eye on that 200-day SMA around 96.97. If the DXY breaks above that level, does that generally indicate a stronger bullish trend? I'm a bit unsure how to interpret that in conjunction with the neutral RSI. Any advice would be amazing!
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wildfern PRO newbie Feb 13
@jacksonclimber, I saw your comment about the 200-day SMA. I'm still trying to figure out how to use that one. Does it usually hold pretty strong? I'm just wondering if it's a good place to put a stop loss if I'm betting against the dollar.
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