#usdollarfutures #ustreasurybondfutures
USD_ DXM21
Weekly – Testing the 92.99 resistance line. Trade pressures are up. Volumes are bullish.
Daily – Now back testing the break above the 91.30. Trade pressures are up. Volumes are now neutral.
The next target up is the downward sloping pitchfork upper median line at 91.30. A close over that would lead to the a test of the 92.30 recent pivot high.
A close below 91.15 would signal lower once again.
What could go wrong? Inflation vs Deflation. Hot economy vs cold economy.
US 30YR T-BONDS_ USM21
Weekly – These historically low interest rates seem to no where to go but up. In the December 2020 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. The February move down is likely complete. Trade pressures are down. Volumes are bearish.
The next target down is still 153-21.
A close above 155-04 would signal a retracement up tpo perhaps 160-19.