The U.S. dollar index is a basket of six major currencies weighted against the greenback. It’s the best gauge of the overall strength of the U.S. currency, and even the U.S. economy. See on the daily bar chart for the USDX that prices are trending higher and the bulls have gained the near-term technical advantage. It’s also important to note that trends in the currency markets tend to be stronger and longer-lasting than price trends in other markets. The path of last resistance for the USDX is sideways to higher at present. Stay tuned! Jim Wyckoff