{"id":12028,"date":"2022-05-31T08:29:10","date_gmt":"2022-05-31T08:29:10","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12028"},"modified":"2023-05-10T08:31:23","modified_gmt":"2023-05-10T08:31:23","slug":"dxy-testing-the-rsi-support-that-started-the-2021-22-rally","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/05\/31\/dxy-testing-the-rsi-support-that-started-the-2021-22-rally\/","title":{"rendered":"DXY Testing the RSI Support that started the 2021\/22 rally"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The U.S. Dollar Index (DXY) hit yesterday the 1D MA50 (blue trend-line) for the first time since February 23. Today&#8217;s rebound simply shows why this MA level is considered such an important short\/ medium-term Support. As long as it holds, expect a rebound to the upper Fibonacci extension levels of 2.0 and 2.5 that previously led to the May 13 High.<\/p>\n<p>A weekly closing below the 1D MA50 though would mean an extension of this correction towards the 1D MA100 (green trend-line), which acted as a Support on Feb 10 and the 1D MA200 (orange trend-line), which has been untouched since June 23 2021.<\/p>\n<p>Pay very close attention to the RSI on the 1W time-frame on the pane below the chart as it is testing the Higher Lows trend-line that practically started this aggressive multi-month trend back in January 2021.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/DXY\/h5HOGhTT-DXY-Testing-the-RSI-Support-that-started-the-2021-22-rally\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/DXY\/h5HOGhTT-DXY-Testing-the-RSI-Support-that-started-the-2021-22-rally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The U.S. Dollar Index (DXY) hit yesterday the 1D MA50 (blue trend-line) for the first time since February 23. Today&#8217;s rebound simply shows why this MA level is considered such an important short\/ medium-term Support. As long as it holds, expect a rebound to the upper Fibonacci extension levels of 2.0 and 2.5 that<\/p>\n","protected":false},"author":611,"featured_media":12029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12028"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12028\/revisions"}],"predecessor-version":[{"id":12031,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12028\/revisions\/12031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12029"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}