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Notice the following on the weekly chart
-- Prices rose 23% over the last 5 months
-- All the SMAs are still moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices have now moved through the 10 week SMA
-- The MACD is overbought
-- The RSI is overbought and declining
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Notice the following on the dollar's daily chart:
-- Prices are still in an uptrend,
BUT:
-- During the consolidation the RSI and MACD decreased
-- Prices are now below the 10, 20 and 50 day SMA
Bottom line: technically, this chart wants to go lower. Fundamentally the failure of the Detroit bail-out will help to add downward momentum.
