On the dollar's daily chart, notice there are three gaps lower (a, b, and d). There is one gap higher (c). Gaps are a bit more common on the dollar chart, as it is often effected by overnight developments. However, three downward gaps is still an interesting technical development.
On the daily chart, prices have broken a key trendline (a). However, the EMAs are still in a bullish posture, although the 10 day EMAs has turned lower.
As a result of the lower dollar, we're seeing an increase in commodities. The DBAs are in a cluear uptrend with consolidation patterns (b) that use the EMAs for technical support.
With the DBBs we have a leg up (a), followed by a triangle consolidation (b) followed by a third move higher (c).
With the SPYs notice that 110.0 is an important area of technical resistance for the market.
Finally, notice that the transports have already broken through key technical resistance.
