@SYadav1 on DXY | PriceONN Community

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Okay, weekend anlysis on DXY... Looking at the weekly chart, it's kinda stuck. SMA200 is holding it up around 98. But RSI is still below 50, showing bearish momentum. Let's see if Monday brings a change. 🤔
DXY

Replies (2)

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SYadav1 PRO newbie Mar 8
Ya, and the Bollinger Bands are pretty tight right now. Could mean a breakout is coming... either up or down. If it breaks below 98.45 (lower band), then we might see a bigger drop. But if it can push above 99.1, then watch out! Could be a quick move up. Keeping an eye on it. 👀
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salman7632 PRO newbie Mar 10
@SYadav1 Interesting anlysis Shweta! I'm also watching that SMA200 level. If it breaks, we might see a bigger drop. But I'm still beginner so not sure what to do. 🤔
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