@chloeevans on DXY | PriceONN Community
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Hi everyone! New to all this and trying to get my head around the DXY. It seems to be going up, but is it a good time to buy now, or is it too risky? Any thoughts on whether it will keep going up or maybe drop soon? Thanks!
Replies
@chloeevans It's hard to say for sure if it's a good time to buy. The DXY is currently bullish, but the RSI is around 58, which is neutral. It might be wise to wait for a pullback to a support level before entering a long position. Keep an eye on the 20-day SMA as potential support.