DXY 10-year pattern shows a strong long-term rally just begun.

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DXY 10-year pattern shows a strong long-term rally just begun.U.S. Dollar Currency IndexTVC:DXYTradingShotThe U.S. Dollar index (DXY) has been trading within a Channel Up in the past 10 years and in the past 30 days it has successfully managed to break above its 1W MA50 (blue trend-line) and turn it into a Support. This is critical as the 1W MA50 has been its Resistance for exactly one year. Within this 10-year pattern, every time DXY broke above its 1W MA50 (blue circle) following a 1-year downtrend (Bearish Leg), it confirmed the start of a new Bullish Leg. When that happened, the 1M RSI crossed above its MA (yellow trend-line) while the 1M MACD made a Bullish Cross, all taking place at the same time. The 1M RSI has just crossed above its MA and the 1M MACD is about to form that Bullish Cross once again. This indicates that a new long-term Bullish Leg has just started. The minimum level such Bullish Leg has hit was the 0.618 Channel Fibonacci. If the rally isn't as aggressive as in 2021/22 but similar to 2018/20 then we expect to test the 0.618 Fib at 110.000. If it gets more aggressive expect prices as high as 119.000 even. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡