Forex Fridays

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.