{"id":20251,"date":"2011-03-21T02:03:43","date_gmt":"2011-03-21T06:03:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20251"},"modified":"2011-03-21T02:03:43","modified_gmt":"2011-03-21T06:03:43","slug":"dxy-outlook-21-march-25-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/21\/dxy-outlook-21-march-25-march\/","title":{"rendered":"DXY outlook 21 March – 25 March"},"content":{"rendered":"

Last week saw the dollar index pushing lower and closing below its November 2010 lows. Early last week our analysis suggested a slight pull back followed by a push lower. We\u2019re now sitting at an important level on the DXY.<\/p>\n

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Any push lower from this area will lead us to the next support level which sits at 74.10 being November 2009 lows. A pull back towards upper resistance at 77.40 could be possible before the Dollar continues its decline<\/p>\n

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\"dxyweeklyoutlook21-25marchdaily\"<\/p>\n

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The weekly timeframe has the next resistance level at 78.90 with there being little in the way between the current price and upper resistance. However a continuation of the fall is looking more likely on the weekly timeframe.<\/p>\n

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\"dxyweeklyoutlook21-25marcherrklu\"<\/p>\n

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We can also see a succession of lower highs and lower lows suggesting a continuation of the current downtrend we\u2019re in on the dollar. Last week closed just below the previous lower low in our pattern, however a stronger push lower followed by a pull back will give better confirmation that this trend will continue.<\/p>\n

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\"dxyweeklyoutlook21-25marcherrklu012\"<\/p>\n

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Price action at this time is showing little on the DXY and waiting for the support and resistance levels to be broken or held will give a better idea as to where the dollar will be heading in the near future.<\/p>\n

http:\/\/www.vantage-fx.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week saw the dollar index pushing lower and closing below its November 2010 lows. Early last week our analysis suggested a slight pull back followed by a push lower. We\u2019re now sitting at an important level on the DXY.<\/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-20251","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20251"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}