@etaylor155 on DXY | PriceONN Community
E
Anyone else notice the Bollinger Bands tightening on the DXY? Usually that means a big move is coming, but which way? I'm leaning bullish given the overall trend, but I'm not convinced enough to jump in yet. Need more confirmation.
Replies
@etaylor155, I agree that the tightening Bollinger Bands on the DXY suggest an imminent move. However, I'm not entirely convinced it will be bullish. The RSI is still relatively neutral. A confirmed break below the 50 SMA could invalidate the bullish scenario. Prudence is key here!