{"id":27911,"date":"2012-03-04T11:58:44","date_gmt":"2012-03-04T16:58:44","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=27911"},"modified":"2012-03-04T11:58:44","modified_gmt":"2012-03-04T16:58:44","slug":"update-on-the-dollar-index-432012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/04\/update-on-the-dollar-index-432012\/","title":{"rendered":"Update On The Dollar Index 4\/3\/2012"},"content":{"rendered":"<p><a href=\"http:\/\/www.forex-fx-4x.com\/category\/forex-weekly-analysis\/dollar-index-weekly-analysis\/\">Dollar Index<\/a> Technical Update<\/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 USD-X has attempted to break beneath the pevious swing low and subsequently gained support at the confluence 78.20 area which has 38.2 ret and a FE61.8 expansions aligned with structure.<\/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 bullish engulfing candle which followed, after a failure to sustain the break lower, gave good follow through after an initial hesitation doji day.<\/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;\"><a href=\"http:\/\/eurusddaily.com\">EURUSD price action<\/a> is pointing towards further potential downside if the \u00a01.3171 area can be broken below on a daily basis. \u00a0This would see associated upside on the index.<\/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;\">This move higher has us looking towards potential resistance with price now close to the 38.2% retrace of the major swing lower around 79.50. \u00a0This wave began mid January through to early this week and has price pivot zone interaction.<\/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;\">A failure to hold below the above technical resistance level would see the 80.00\u00a0<a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; font-style: normal; font-weight: normal;\" title=\"psychological round number\" href=\"http:\/\/www.forex-fx-4x.com\/forex-round-numbers\" target=\"_blank\">psychological round number<\/a>\u00a0and the 50% retrace of the aforementioned wave come into play.<\/li>\n<\/ul>\n<p><a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: none; font-style: normal; font-weight: normal;\" href=\"http:\/\/www.forex-fx-4x.com\/wp-content\/uploads\/2012\/03\/dollar-index-02032012.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border: 0px initial initial;\" title=\"dollar index 02032012\" src=\"http:\/\/www.forex-fx-4x.com\/wp-content\/uploads\/2012\/03\/dollar-index-02032012_thumb.jpg\" alt=\"dollar index 02032012 thumb Dollar Index Update 3\/3\/2012\" width=\"620\" height=\"568\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar Index Technical Update The USD-X has attempted to break beneath the pevious swing low and subsequently gained support at the confluence 78.20 area which has 38.2 ret and a FE61.8 expansions aligned with structure. The bullish engulfing candle which followed, after a failure to sustain the break lower, gave good follow through after an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/04\/update-on-the-dollar-index-432012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Update On The Dollar Index 4\/3\/2012&#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-27911","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27911","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=27911"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27911\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}