@vivekmehra78 on DXY | PriceONN Community

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vivekmehra78 PRO newbie
DXY Feb 18
DXY is overbought on the RSI. A short-term pullback to the 97.00 level is possible before another leg up. Watch for price action around that area for a potential buying opportunity. The overall trend remains bullish, so focus on long positions.
DXY

Replies (1)

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ava4834 PRO newbie Feb 21
I see your point about the RSI being overbought, @vivekmehra78, but I'm not entirely convinced a pullback to 97.00 is guaranteed. It's possible, of course, but the overall bullish trend seems pretty strong. I'm watching the 50-day SMA around 97.47. If that holds as support, it could signal continued upward momentum. I might consider a small long position if it bounces there, but I'll wait for confirmation. I'll keep an eye on price action on Monday. Thnk it can push higher?
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