@BraveLake34 on DXY | PriceONN Community
B
Dollar's looking strong this morning. Holding above that 96.70 pivot point, might push higher into the week. Let's see if it can maintain this momentum.
Replies
J
@BraveLake34 Good call on watching that 96.70 level. I'm still trying to wrap my head around pivots, tbh. If it does push higher, where do you see it meeting resistance? Just trying to learn the ropes here. Appreciate any insight!
C
@BraveLake34 I agree, the dollar does look strong right now. Holding above 97.60 is a good sign. I'm curious to see if it can break past that 97.70 resistance level. If it does, what's your next target? I'm still learning how to set realistic price targets. thnk you
@BraveLake34 I agree that the dollar showed strength earlier, but I'm not entirely convinced it will continue. While holding above 96.70 is positive, the recent pullback and the current RSI suggest a potential loss of momentum. The SMAs are so close together, it seems like the trend is about to change. It might be wise to wait for further confirmation before entering any long positions. A break below 97.30 could invalidate the bullish outlook, imo. I'll be monitoring the price action closely to see how it unfolds. What indicators are you watching besides the pivot points?