Charting the Dollar Index is useful for several reasons. First, there is a futures contract that's tied to the index. Beyond that, understanding what the dollar is doing assists in identifying trading opportunities in other currencies such as the euro, and it aids in forecasting the broad direction of equity markets. Right now, the Dollar Index is at an area of likely support. At the very least, it is near an important decision area. On the monthly time frame, the dollar is testing what might become the lower boundary of a developing channel. In addition, the dominant 49-week price cycle is currently directed upward, ... (full story)