The below is the daily chart of the USDOLLAR. The greenback’s EMAs are in a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. The RSI(9) is above 50 and indicative of an underlying bullish momentum. We note that the EMAs are starting to develop angle and separation which hints at an increasing momentum. This EMA formation is usually associated with a mark-up phase.