@miahall24 on DXY | PriceONN Community
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I'm still quite new to this, but I've been trying to understand Bollinger Bands. On the DXY, the bands are pretty tight right now. Does that mean we can expect a big move soon? Also, how reliable is RSI when the market is ranging like this?
Replies
@miahall24, regarding your question about Bollinger Bands, you're right, the bands are quite narrow at the moment on the DXY. This often precedes a period of increased volatility, but it doesn't guarantee the direction. As for RSI, it's less reliable in ranging markets, so it's best used in conjunction with other indicators.