What's everyone using for indicators on DXY? I've been trying RSI, but it's not really helping me. Any suggestions for a beginner? Maybe MACD? Or should I just stick to the simple moving averages?
@solarflare401, for a beginner, I'd suggest focusing on understanding price action in relation to key moving averages before diving into more complex indicators like MACD. The RSI can be useful, but it's best used in conjunction with other tools. Start with the 20 and 50 SMAs to identify short-term trends, and then gradually incorporate the 200 SMA for a longer-term perspective. Bollinger Bands can also give you a sense of volatility and potential breakout points. Experiment on a demo account first to see what works best for you. Don't get overwhelmed by too many indicators at once.
