DXY – Dollar Index Weekly Opportunity

The index is currently designed, maintained, and published by the commodity exchange ICE Futures U.S. It is a weighted geometric mean of the dollar’s value relative to other select currencies: Euro (EUR), 57.6% weight. Japanese yen (JPY) 13.6% weight and other currencys the rest.

So If you can see the dollar index chart we have a clear inverted Head & Shoulders that is moving towards the 96,71 level. currently we are finishing the 4th wave correction before the last rise to the target.
When we have a 2 wave correction that is “simple” typically the 4th wave is “complex” we are having exactly that on the index.