Historical DXY Trends/Timelines
https://www.tradingview.com/x/ZSWnjgUf/
Hello TradingView Community!
I wanted to offer up my interpretation for the all time chart for DXY/1M. There are some obvious trend lines that can be drawn across the 57 years of data that is available to us here. If you look carefully there is a recognizable pattern of hitting the bottom of the descending channel roughly every 14-16 years. Based on the exact ratios between each time price has hit bottom of channel (extended slightly each cycle.. going to skip the math here) I have calculated that we should hit the bottom of the channel around June 2026. However, 16 years ago was 2008; this was the last time we targeted the bottom of the channel. If historical trends hold true we are due for a major correction in the near-mid term for
DXY . First price target is the bottom ascending support line and second is the historical descending support line. If this chart plays out how it has historically it should favor well for cryptocurrencies into next year. Best of luck! NFA.
Hello TradingView Community!
I wanted to offer up my interpretation for the all time chart for DXY/1M. There are some obvious trend lines that can be drawn across the 57 years of data that is available to us here. If you look carefully there is a recognizable pattern of hitting the bottom of the descending channel roughly every 14-16 years. Based on the exact ratios between each time price has hit bottom of channel (extended slightly each cycle.. going to skip the math here) I have calculated that we should hit the bottom of the channel around June 2026. However, 16 years ago was 2008; this was the last time we targeted the bottom of the channel. If historical trends hold true we are due for a major correction in the near-mid term for
DXY . First price target is the bottom ascending support line and second is the historical descending support line. If this chart plays out how it has historically it should favor well for cryptocurrencies into next year. Best of luck! NFA. 
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