DXY, seeking the ultimate resistance

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Dollar index             is currently contained in the uptrend channel since May 2011 low. After a first round of charge from June 2014, price only retrace 23.6% and found support at 84.71 (look to the left) this is an indicator of strong momentum.
Price will proceed to challenge 88.58 which is the 1.236 Fib level and if rejected, i foresee that price may come back to 86.72-87 for support. If this level of support is strong price will definitely challenge the uptrend channel top resistance.
From my anticipation, the most important life-time resistance is the red region connected from 1985 top. It will leave the breakout part for the time being.

I am more eager to find out HOW SOON price could reach blue resistance if not the red resistance. Depending on the speed, angle steepness of the price, the long term resistance(to be tested at least twice) would be 92 - 93 assuming price can break out from the uptrend channel resistance.

By then i will close in on another update.
Very nice... support. :P How did you find it?
jangseohee AristotelCostel
it continue even higher
anyone shorted besides me?
about to reach 1.618 target
Just posted a DXT chart and looking for the 92.55 area....same thing you are looking for....Nice chart..
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jangseohee currencywaves
share your chart please :-)
One thing to take note, whenever i do some projection on future price movement, i always takes 45 degree movement as an average. But i do not control the chart, i can't be absolutely millimeter perfect in my projection because the steepness (speed) and time factor remain unknown, meaning that the price might
shoot up faster than expected in uptrend resulting in > 45 degree and hence price is slightly higher than projected. If price moves slower than expected < 45degree, then the final price is slightly lower than projected.

Given the strength (steepness) of the current uptrend (narrow channel since Jul 2014), i have no doubt that it will pierce through the green channel top, but i would think the long term resistance from 1985 would mean a world new currency world if broken and go further up.
jangseohee currencywaves
it has made a long way to this long term downtrend black line, does it still have steam to break it at around 93??
Patladj. jangseohee
For sure 93, In fact my long-term target is 113. IT's from 2001 resistanse. Not from 1985. I did not understant your 1985 remark.
Allow your margin a -2 points correction and go ahead. Target of at least +10 points is extremely likely.
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