{"id":26326,"date":"2012-01-03T08:01:37","date_gmt":"2012-01-03T13:01:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=26326"},"modified":"2012-01-03T08:01:37","modified_gmt":"2012-01-03T13:01:37","slug":"dollar-index-usdx-analysis-3111","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/03\/dollar-index-usdx-analysis-3111\/","title":{"rendered":"Dollar Index (USDX) Analysis 3\/1\/11"},"content":{"rendered":"<p>Dollar Index (USDX) Analysis<\/p>\n<p>Analysis courtesy of the Forex-FX-4X <a href=\"http:\/\/www.forex-fx-4x.com\">Forex Trading<\/a> blog.<\/p>\n<ul style=\"padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 35px; margin-top: 20px; margin-right: 0px; margin-bottom: 20px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial;\">\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 5px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial; padding: 0px;\">The <a href=\"http:\/\/www.forex-fx-4x.com\/category\/forex-weekly-analysis\/dollar-index-weekly-analysis\/\">USDX dollar index<\/a> is currently testing the 79.69 area which was previous resistance which has become support.\u00a0 This level held price on the five previous attempts to move lower.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 5px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial; padding: 0px;\">The above level is currently aligned with the down sloping range trend line we added last week.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 5px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial; padding: 0px;\">The heavily weighted\u00a0<a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; font-style: normal; font-weight: normal;\" title=\"EUR\/USD\" href=\"http:\/\/www.forex-fx-4x.com\/category\/forex-weekly-analysis\/eurusd-weekly-analysis\/\" target=\"_blank\">EUR\/USD<\/a>\u00a0currency pair has broken out of an\u00a0<a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; font-style: normal; font-weight: normal;\" href=\"http:\/\/www.forex-fx-4x.com\/eurusd-inside-day-formation-analysis-3112\/\">NR4 inside day<\/a>\u00a0to the upside with strong momentum.\u00a0 This adds an element of bearish weight to the near term USDX outlook, despite the counter trend nature of the move.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 5px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial; padding: 0px;\">We will be looking for a sustained break below the current level or a failure with price action confirmation to set directional bias for the following trading sessions.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 5px; margin-left: 0px; list-style-type: disc; list-style-position: initial; list-style-image: initial; padding: 0px;\">Liquidity should be slowly returning to the market as the week progresses and market participants return following the holiday period.<\/li>\n<\/ul>\n<p><strong><em>USDX Daily Chart 2012-03-01<\/em><\/strong><\/p>\n<p><a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; font-style: normal; font-weight: normal;\" href=\"http:\/\/www.forex-fx-4x.com\/wp-content\/uploads\/2012\/01\/dollarindexpriceaction201201.png\"><img loading=\"lazy\" decoding=\"async\" style=\"display: inline; border: 0px initial initial;\" title=\"dollar index price action 2012 01\" src=\"http:\/\/www.forex-fx-4x.com\/wp-content\/uploads\/2012\/01\/dollarindexpriceaction201201_thumb.png\" alt=\"dollarindexpriceaction201201 thumb Dollar Index Update 3\/1\/12\" width=\"590\" height=\"468\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><em>Any information or views found in this post are provided for educational reasons and do not in any way represent investment advice. The article author doesn&#8217;t guarantee the accuracy or completeness of this or any other information provided. Forex-FX-4X or the post authors will not accept liability for any losses arising directly, indirectly or because of reliance on any of the trading setups or associated analysis in any way.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar Index (USDX) Analysis Analysis courtesy of the Forex-FX-4X Forex Trading blog. The USDX dollar index is currently testing the 79.69 area which was previous resistance which has become support.\u00a0 This level held price on the five previous attempts to move lower. The above level is currently aligned with the down sloping range trend line &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/03\/dollar-index-usdx-analysis-3111\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dollar Index (USDX) Analysis 3\/1\/11&#8221;<\/span><\/a><\/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-26326","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26326","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=26326"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26326\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}