USD (DX)_ Consolidating around the highs. An indicator of international money flows.
Weekly – Trade pressures are up and extended. Volume is bullish after weeks of neutral (perhaps distribution). The weekly short entry at 94.22 has acted as support.
Daily – 94.33 was the short entry price. After the intial move down in early Feb, bullish volume came in and price has traded around the entry level. But now Volume has turned neutral again. Trade pressures are extended up, so look for a pullback and perhaps a new move down. The next target down is 91.37.
the Stop remains the 95.85 pivot high.
30yr T-BONDS_ everyone is looking for higher rates this year. (roll to the june contract. creates new levels.)
Weekly – the recent high pivot is 167-18. The weekly trade is short from 162-23 with a 154-27 target. Trade pressures are up but rolling over. Volume is bullish changing from the prior weeks bearish.
Daily – The daily trade has completed the retracement move down to the 150-26 target. The expected retracement up is now occurring. a close above 162-18 would signal a resumption of the move up. Trade pressures are up, but extended. volume is bullish.
The hourly is setup for a continued move up.
EURO_ is hard down, reflecting the opposite of the dollar and the 30yr. Daily pressures are down after a retracement up to test the long entry at 1.1545. No long trade resulted, so now down to test the 1.1102 lows.