{"id":12826,"date":"2022-11-17T11:43:48","date_gmt":"2022-11-17T11:43:48","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12826"},"modified":"2023-05-16T11:45:31","modified_gmt":"2023-05-16T11:45:31","slug":"eurusd-near-the-1w-ma50-huge-rally-if-broken","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/11\/17\/eurusd-near-the-1w-ma50-huge-rally-if-broken\/","title":{"rendered":"EURUSD Near the 1W MA50. Huge rally if broken."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The EURUSD pair is approaching the 1W MA50 (blue trend-line), which has been unbroken since the week of June 14 2021. This is a simple analysis on the 1W time-frame, showing the price action of the pair since 2006. As you see the pair&#8217;s major long-term rallies have started after it broke above the 1W MA50, especially when the 1W RSI made such a strong jump, following multi-year downtrends.<\/p>\n<p>As you see, the 1W RSI has gone from 26.00 to 55.00 in less than two months, representing the strongest rise on such short time-frame since March 2015. Though a 1W candle closing above the 1W MA50 doesn&#8217;t necessarily guarantee a huge rally, as with the (very rare) examples of February 2016 and the once in 100 years event of COVID March 2020, it does indicate that the market has bottomed.<\/p>\n<p>A standard first target in 1W MA50 rallies is the 1W MA200 (orange trend-line) and above that, any uptrend has been limited by the Lower Highs trend-line (dashed) that started on the November 23 2009 candle.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/AGY41dal-EURUSD-Near-the-1W-MA50-Huge-rally-if-broken\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/AGY41dal-EURUSD-Near-the-1W-MA50-Huge-rally-if-broken<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The EURUSD pair is approaching the 1W MA50 (blue trend-line), which has been unbroken since the week of June 14 2021. This is a simple analysis on the 1W time-frame, showing the price action of the pair since 2006. As you see the pair&#8217;s major long-term rallies have started after it broke above the<\/p>\n","protected":false},"author":611,"featured_media":12827,"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-12826","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\/12826","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=12826"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12826\/revisions"}],"predecessor-version":[{"id":12829,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12826\/revisions\/12829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12827"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}