The weekly charts shows the dollar is clearly in a downward trend. Prices formed a double top at the end of last year and the beginning of this year and have been falling since. The MACD and RSI are both falling and all the EMAs are heading lower.
The dollar us currently in a bear market pennant pattern -- basically a counter-trend rally as prices move lower. Unless prices meaningfully break through the top of this pattern I would expect another downward move.
