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USD_ DXU23
Weekly – In the November 2022 downtrend and testing the upside resistance. Trade pressures are now up. Volumes are now neutral.
Daily – Short. The trade is 101.68 on 6/14. Trade pressures are down. Volumes are bearish.
The next target down is 101.09. The expected sold levels are 101.60.
A close above 102.96 would signal higher. The expected overbought levels are now 104.85.
[6-23-23: Reverse to long trade. ]
US30YR T-BOND_ USU23
Weekly – In the October 2021 downtrend and still testing the upside resistance. Trade pressures are down. Volumes are now bearish.
Daily – Long. The close above 128-08 confirms the long entry. Trade pressures are up into the neutral zone. Volumes are neutral.
The next target up is 131-05. Overbought levels are 137-02.
A close below 125-13 would signal lower. USE 125-10 as the SL. The expected oversold level is 123-20.