@jamesthompson51 on DXY | PriceONN Community

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jamesthompson51
jamesthompson51 PRO newbie
DXY Feb 16
DXY's been showing some strength lately, but I'm watching that 200-day SMA around 96.92 closely. Could be a significant resistance level. If it breaks through, we might see a bigger rally, but I'm not convinced just yet. Need to see more confirmation before jumping in.
DXY

Replies (2)

RiftZone38
RiftZone38 PRO newbie Feb 19
@jamesthompson51 I noticed you mentioned the 200-day SMA. I'm not quite sure how to interpret that. Does breaking through that level always mean a big rally? I'm trying to understand how to use SMAs in my analysis. I see it's around 96.92, so what should I watch for specifically? Any resources you recommend for learning more about SMAs?
L
ldnGeorge PRO newbie Feb 21
I agree with you @jamesthompson51, the 200-day SMA at 96.87 is definitely a key level to watch. If DXY can't break through that, a significant rally seems unlikely in my opinion. Thanks for pointing it out.
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