On the weekly chart, notice the dollar formed a double top. But also notice the second double top has weaker underlying technicals -- the RSI and MACD both trended lower. After prices fell from the second top, they formed a bear market flag pattern. But prices have now fallen from that level as well. This move is confirmed by the falling MACD and RSI.
The daily chart shows the bear market flag pattern in more detail. Also notice the bearish price/SMA alignment -- prices are below the SMAs, the shorter SMAs are below the longer SMAs and all the SMAs are moving lower. In addition, the RSI and MACD are both moving lower.
Bottom line? This is a bearish chart, plain and simple
