On the dollar's weekly chart, notice the following:
-- Prices have clearly broken through the multi-year downtrend
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above all the SMAs
-- Prices are using the 10 week SMA as technical support
On the daily chart, notice the following
-- Prices are above all the SMAs
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices have twice broken through technically important resistance levels
Bottom line: both of these charts are bullish.
