Wow -- the dollar is in the middle of a really strong rally now. This is largely because -- despite all of our problems -- the dollar is still seen as a calm port in the storm.
On the weekly chart, notice the following:
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above all the SMAs
-- Prices have continually moved through previously established resistance levels
-- Prices are using the SMAs as technical support
Bottom line: this is a bullish chart
On the daily chart, notice the following:
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above all the SMAs
-- Prices have continually moved through previously established levels of resistance
Bottom line: this is a bullish chart.