@miaElizabeth on DXY | PriceONN Community

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miaElizabeth PRO newbie
DXY Feb 16
I'm looking at the Bollinger Bands and the DXY is right in the middle. 😐 Seems like it could go either way. The RSI is pretty neutral too, so no strong signals there... I'm thinking I'll wait for a clearer breakout before making any moves. Patience is key! 🔑🙏
DXY

Replies (2)

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jessicajones73 PRO newbie Feb 19
@miaElizabeth I totally get your caution! Waiting for confirmation is always smart. But, personally, I'm seeing the bullish trend supported by the SMAs. The Bollinger Bands can be tricky, but with the RSI above 50, I'm leaning towards an upward move. I think we will see the DXY break R1, so maybe wait for it to break past 97.64 and then enter long? That way you get some confirmation but don't miss the initial push. Just my two cents!
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ejones355 PRO newbie Mar 8
@miaElizabeth I agree, it's indecisive rn. Bollinger Bands in the middle usually means just waiting. Patience is definitely key, especially with DXY. It can be a real pain sometimes. I'm also waiting for a clear breakout before doing anything. Maybe look at the H4 chart for some clues?
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