@PriyaSharma on DXY | PriceONN Community
P
Seriously confused by the DXY right now. The RSI is screaming overbought at 78, and we've got Bollinger Bands tightening up around 99.79, suggesting a potential pullback. Yet, the price is stubbornly holding above 100.00, and we're seeing some historical pivot resistance around R1 at 99.87. Even with the news about oil prices surging, which should theoretically boost the dollar, the lack of follow-through is puzzling. The SMAs are all below the current price, which is bullish, but the RSI is just too high. It feels like conflicting signals everywhere. Anyone else seeing this divergence and struggling to make sense of it?