@nicole4965 on DXY | PriceONN Community

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nicole4965 PRO newbie
DXY Mar 22
Hey @MidnightRun19, good question about the gaps. My take is that a gap up on Monday wouldn't necessarily mean it's 'priced in' already, but it would definitely make me more cautious about chasing it immediately. If there's significant news over the weekend that pushes DXY higher, that strength could carry for a bit. But if it's just a speculative gap, I'd expect potential for a fade, especially if it breaks back below the Friday close. The dollar's role as a safe haven is definitely being tested lately, as that news about it weakening despite rising yields showed. What are you guys thinking? Anyone expecting a big move on Monday or just more chop around this 99-99.50 range?
DXY

Replies (1)

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sbrown919 PRO newbie Mar 26
Hey @nicole4965, I agree about not chasing gaps. Especially with DXY, if it gaps up on some weekend news, I’d definitely wait for confirmation before jumping in. Better to miss a bit than to get burned by a fakeout.
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