DXY is looking strong! I'm seeing a lot of bullish signals, especially with the RSI so high. Wondering if this rally can continue, or if we're due for a pullback soon? I'm still learning, but I'm feeling optimistic about the dollar's performance this week. Let's see what happens!
Update: just noticed the SMA is also showing a bullish trend! The 20 is above the 50 and 200. This makes me even more optimistic. Maybe I should open a small long position?
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sana3327PROnewbieFeb 19
Hey @khadija_b10, I see your optimism, girl! 😄 But that RSI being so high... I always get a bit twitchy. A pullback is definitely possible, maybe even probable. I mean, what goes up must come down, right? 😉 I'm still trying to figure out how to properly hedge against dollar moves. Any tips for a newbie investor like me? 😅 Perhaps a put option? 🤔