{"id":134731,"date":"2018-10-01T07:39:32","date_gmt":"2018-10-01T11:39:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134731"},"modified":"2018-10-01T07:18:23","modified_gmt":"2018-10-01T11:18:23","slug":"dollar-index-the-awakening","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/dollar-index-the-awakening\/","title":{"rendered":"Dollar index: The awakening"},"content":{"rendered":"<div id=\"inves-1970793251\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 1, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Tomasz Wisniewski, Alpari<\/strong><\/p>\n<p>Last week was definitely an eventful one for DXY, which came as no surprise considering the full calendar we had. We&#8217;d have been surprised if nothing had happened, and traders took those fundamental events from last week very well!<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/DXY_1_10_5bb1cd498eeb6.png\" alt=\"\" \/><\/p>\n<p>DXY is climbing higher and it looks like the bad times are past us, as we prepare for a new upswing. First, DXY broke the mid-term downwards trend line (green), which had been connecting the lower highs since mid-August. That was the first sign of a spring here. Then DXY broke the 23.6% Fibonacci, and finally the 38.2% Fibo, which in the same time was a crucial S\/R level in the past few weeks (since the 22<sup>nd<\/sup>\u00a0of August, when it was first used as a support). The breakout of that line is currently the most important achievement for buyers.<\/p>\n<p>The buy signal is on and will be here as long as the price stays above 23.6% Fibonacci. The crucial resistance and the current target is at 61.8% Fibonacci. A small bearish correction may be triggered if we make it there, but the overall trend should remain intact, so buy.<\/p>\n<p>Source:\u00a0<a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/28250_01102018\/\" target=\"_blank\" rel=\"noopener\">Dollar index: The awakening<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tomasz Wisniewski, Alpari Last week was definitely an eventful one for DXY, which came as no surprise considering the full calendar we had. We&#8217;d have been surprised if nothing had happened, and traders took those fundamental events from last week very well! DXY is climbing higher and it looks like the bad times are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-134731","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=134731"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134731\/revisions"}],"predecessor-version":[{"id":134732,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134731\/revisions\/134732"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}