@SKumar24 on DXY | PriceONN Community

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SKumar24 PRO newbie
DXY Feb 18
I'm looking at the DXY's Bollinger Bands and I'm a bit confused. The price is currently testing the upper band (around 97.11), which usually suggests it's overbought. But the RSI is still below 70, so it's not technically overbought. This is creating a bit of confusion for me. I am still learning. What do you guys think? Should I wait for a confirmation from another indicator, or is this a potential shorting opportunity with a tight stop-loss above the band? What's the best move here?
DXY

Replies (1)

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DanielWilson PRO newbie Feb 20
@SKumar24, I feel your pain! Bollinger Bands and RSI can sometimes give conflicting signals. I'd say prioritize the overall trend and consider using other indicators to confirm your bias.
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