I think we are currently at a high point in a decades long decline of the dollar. At the end of 2014 and into the beginning of 2015, there was a strong rally with steep increase in price that isn't seen anywhere else on the chart. I think this is because nobody expected the dollar to be able to make it up to the prices we're at now (in the face of long term down trend in price) so as it started to increase in price, a speculative frenzy set in. The prices we are currently at are unsustainable when considering the long term trend that has been set since 1986. Ultimately, we will see a continuation of this cyclical pattern and the price is currently at the maximum and about to crash hard.
