{"id":12875,"date":"2022-11-28T12:14:27","date_gmt":"2022-11-28T12:14:27","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12875"},"modified":"2023-05-16T12:16:32","modified_gmt":"2023-05-16T12:16:32","slug":"dxy-hit-the-1d-ma20-for-the-first-time-since-june-2021","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/11\/28\/dxy-hit-the-1d-ma20-for-the-first-time-since-june-2021\/","title":{"rendered":"DXY hit the 1D MA20 for the first time since June 2021!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>To be exact the last time the U.S. Dollar Index (DXY) hit its 1D MA200 (orange trend-line) was on June 23 2021 and last time it traded below it June 16 2021. Needless to say, this is a key development for the long-term price action, as a candle closing below it, confirms the transition from a long-term bearish trend to a bullish one.<\/p>\n<p>So far since the November 03 High, the price seems to be trading within a very aggressive Channel Down. As long as it holds and 1D MA200 breaks, we expect a sharp fall to the 2.786 Fibonacci extension (100.200). If the price breaks above the Channel Down, we expect a counter trend rebound, short-lived, to the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line) to be tested as Resistance levels.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/DXY\/Nzh3n0Y9-DXY-hit-the-1D-MA20-for-the-first-time-since-June-2021\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/DXY\/Nzh3n0Y9-DXY-hit-the-1D-MA20-for-the-first-time-since-June-2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; To be exact the last time the U.S. Dollar Index (DXY) hit its 1D MA200 (orange trend-line) was on June 23 2021 and last time it traded below it June 16 2021. Needless to say, this is a key development for the long-term price action, as a candle closing below it, confirms the transition<\/p>\n","protected":false},"author":611,"featured_media":12876,"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-12875","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\/12875","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=12875"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12875\/revisions"}],"predecessor-version":[{"id":12878,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12875\/revisions\/12878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12876"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}