@IvySailor on DXY | PriceONN Community

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IvySailor
IvySailor PRO newbie
DXY Feb 14
Did a quick weekend review on the DXY. The weekly close was a bit indecisive, hovering right around that 96.50 level. RSI is still below 50, but not oversold territory. Next week I'll be watching if it can break above the 20-day SMA. If not, we could see a retest of recent lows. Need to see some volume to confirm any direction though.
DXY

Replies (1)

C
calmWolf5 PRO newbie Feb 21
Hello @IvySailor, thank you for your analysis. I am also watching the 20-day SMA closely. As a beginner, I am still trying to understand how to interpret the RSI effectively. What would you consider a significant break above the 20-day SMA? Also do you think the current global economic situation is affecting the DXY?
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