@george96 on DXY | PriceONN Community
Ugh, weekends are so boring when you're waiting for the markets to open again. DXY just sitting there... Wonder if it'll actually do anything interesting next week or just chop around the same levels. 😴
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Also wanted to add, the weekly close wasn't *terrible* but it wasn't great either. RSI still pretty meh, not giving any clear signals. Thinking of keeping my powder dry until Tuesday at least. If we see a strong move above 98.7, I might consider a small short position, but only if it's a quick scalp. Otherwise, just waiting for a better setup. Too much uncertainty with all this global stuff going on rn. 🤷♂️
Update: Thinking about that Middle East news. Could see some knock-on effects early next week, maybe a bit of risk-off pushing the dollar up? 🤔
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@george96 I agree that the weekends are drag! I'm also watching the Asian session, can't sleep... Your point about the Middle East news is valid, it could definitely give the dollar a boost early in the week. I'm curious to see how the market reacts on Monday open. I think the RSI is showing a bit of strength on the daily chart, but it's not a strong signal yet. I'm also watching the 50 SMA closely; if it can hold above that, then we might see that push towards 99 Suresh mentioned. Good luck!