TradingView
manasrawat5
Aug 20, 2022 5:54 AM

DXY reaching 1.618 resistance of multi-decadal channel 

U.S. Dollar Currency IndexTVC

Description

DXY broke above the lower highs trendline in 2015 which started from the high in 1985. It is now reaching at 1.618 resistance of downward Fib channel spread over decades. Combined with upper bound of shorter term upward channel, it is in since 2007, DXY is going to have lot of resistance at 113.5 and possibly top in next few months.
Comments
zAngus
Hi, good work on sharing your first chart with the community. Hope you liked the challenge. Thanks for sharing with the community.

From mod @zAngus
manasrawat5
@zAngus, thanks. I hope I'll be able to express more clearly next time.
More