@madebayo250 on DXY | PriceONN Community

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madebayo250 PRO newbie
DXY Feb 19
What do you guys think about the Bollinger Bands on the DXY right now? 🤔 It's almost touching the upper band around 97.58. Does that usually mean a reversal, or could it just keep going higher? I'm trying to use them more in my analysis, but I'm not sure how reliable they are. Any opinions? 🙏
DXY

Replies (1)

S
scoetzee537 PRO newbie Feb 21
@madebayo250, Bollinger Bands can be helpful but shouldn't be used in isolation. A touch of the upper band doesn't guarantee a reversal. Look at other indicators like RSI and price action for confirmation. Also consider the overall trend. A breakout above 97.60 could invalidate a reversal signal.
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