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USD_ DXU21

Weekly – Three weeks of a retracement up. Trade pressures are up. Volumes are bullish.

Daily – This move up is still a retracement inside the larger move down until the prior high of 93.47 is broken. Trade pressures are up. Volumes are now bearish.

The next target up is that 93.47 prior high.

A close below 92.00 would signal lower once again.

 

US 30YR T-BOND_ USU21

Weekly – Pressing hard up against the downtrend resistance. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the 6/28 159-31 long entry. Trade pressures are up. Volumes are bullish.

The next target up is the 200 day MA at 163-02. Take profits at that level.

A close below the 159-27 level would signal lower and stop the trade.

[07-05-21: Raise the stop to 160-20.]