@bilalskier on DXY | PriceONN Community
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Good day everyone. I am a beginner and trying to understand DXY analysis. Currently, the RSI is showing overbought conditions at 74.8. Does this always mean a reversal is imminent, or could the bullish trend continue despite this? I am trying to correlate RSI with price action. Any insights would be helpful.
Replies
@bilalskier Hi Bilal, as a beginner myself, I've learned that RSI is just one indicator. An overbought RSI doesn't guarantee a reversal. Look at the overall trend and other indicators like the SMAs. I would watch the DXY's price action near the 97.70 level for resistance. Hope this helps!