In the last 7 trading days major world currencies seem to have gone full on schizophrenic. The Dollar, the Euro, the Yen, and the Swiss Franc have each leaped outside their Bollinger bands. In fact, Friday’s price bar for each currency opened and closed well beyond the Bollinger band limit. This is unusual.
Can the madness continue? It can. Will it? I don’t know. Often, though not always, a spike well beyond the Bollinger band results in a sudden reversal of trend. A reversal here, if it happens, means a spiking Dollar and a falling Euro – not good for commodities.

USD – Daily

$EURO – Daily

$YEN – Daily

$XFS – Daily