{"id":13098,"date":"2023-01-23T08:33:51","date_gmt":"2023-01-23T08:33:51","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13098"},"modified":"2023-05-18T08:35:53","modified_gmt":"2023-05-18T08:35:53","slug":"dxy-testing-the-4h-ma50-short-term-resistance","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/01\/23\/dxy-testing-the-4h-ma50-short-term-resistance\/","title":{"rendered":"DXY Testing the 4H MA50. Short-term Resistance."},"content":{"rendered":"<p>The U.S. Dollar Index (DXY) it currently testing its 4H MA50 (blue trend-line), which has caused two rejections last week and has been closing all 4H candles below it since January 06. As long as it continues to do so, we expect a short-term bearish trend between that and the medium-term Channel Down that has been in effect since November 15 2022.<\/p>\n<p>A 1D candle closing above the 4H MA50, would be a buy break-out call targeting the top of the Channel Down and the 4H MA200 (orange trend-line) in particular, while a closing below the Channel Down would be a sell break-out call targeting the 1W MA200 (red trend-line) and 99.300 (0.618 Fibonacci level) in particular, as we outlined on our longer-term analysis 20 days ago:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"DXY 1D Death Cross emerging. More pain to come.\" href=\"https:\/\/www.tradingview.com\/chart\/DXY\/HRiA1eGH-DXY-1D-Death-Cross-emerging-More-pain-to-come\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/h\/HRiA1eGH_big.png\" alt=\"DXY 1D Death Cross emerging. More pain to come.\" \/><\/a><\/div>\n<div>Tradingview link:<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.tradingview.com\/chart\/DXY\/NwoCnCRN-DXY-Testing-the-4H-MA50-Short-term-Resistance\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/DXY\/NwoCnCRN-DXY-Testing-the-4H-MA50-Short-term-Resistance<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Dollar Index (DXY) it currently testing its 4H MA50 (blue trend-line), which has caused two rejections last week and has been closing all 4H candles below it since January 06. As long as it continues to do so, we expect a short-term bearish trend between that and the medium-term Channel Down that has<\/p>\n","protected":false},"author":611,"featured_media":13099,"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-13098","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\/13098","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=13098"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13098\/revisions"}],"predecessor-version":[{"id":13102,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13098\/revisions\/13102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13099"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}