{"id":12387,"date":"2022-08-26T08:41:13","date_gmt":"2022-08-26T08:41:13","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12387"},"modified":"2023-05-12T08:43:12","modified_gmt":"2023-05-12T08:43:12","slug":"dxy-critical-test-on-the-multi-year-pivot-huge-sell-ahead","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/26\/dxy-critical-test-on-the-multi-year-pivot-huge-sell-ahead\/","title":{"rendered":"DXY critical test on the multi-year pivot. Huge sell ahead?"},"content":{"rendered":"

 <\/p>\n

The U.S. Dollar Index (DXY) hit last month a Pivot trend-line (2) and so far is unable to break it. This pivot has started as a Support back in August 1992 and then turned into a Resistance since May 2004 and has been such up to this date.<\/p>\n

As you see, the very same pattern with a Pivot trend-line (1), had a similar effect on the multi-year trend from October 1978 to June 2001, which seems to be a similar point to where we are at today.<\/p>\n

See how every such rejection on the Pivot as a Resistance has been brutal and the sell-off have been very quick and strong. If that is the case this time too, we should be expecting now a rejection and a massive pull-back to the 1W MA200 (orange trend-line) at least, within 2023.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/DXY\/BEFww3M7-DXY-critical-test-on-the-multi-year-pivot-Huge-sell-ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The U.S. Dollar Index (DXY) hit last month a Pivot trend-line (2) and so far is unable to break it. This pivot has started as a Support back in August 1992 and then turned into a Resistance since May 2004 and has been such up to this date. As you see, the very same<\/p>\n","protected":false},"author":611,"featured_media":12388,"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-12387","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\/12387","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=12387"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12387\/revisions"}],"predecessor-version":[{"id":12390,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12387\/revisions\/12390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12388"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}