USD(DX)_ The dollar is governing most of the market moves.
Weekly – last week traded to the 100.785 high. Upward trade pressures had turned down, and continue downward this week. Price failed after the FED meeting and spiked down to the 95 target. Volume remains bullish.
Daily – remains in the short trade from 99.243. The 94.250 target was almost reached in the spike down. Trade pressures are down. Volume is neutral.
a trade back above 97.74 would signal higher.
30yr TBONDS_ Once the dollar is purchased by international investors then it gets invested in something. This trade went long a week before the FED said they would not raise rates this next quarter.
Weekly – The bonds traded by the numbers. the short entry went to the 154-22 downside target. the retracement long was triggered at 162-18. Trade pressures are turning up. Volume turns neutral from bearish.
Daily – In the long trade from 157-30 reaching the first 162-29 target. The next target up is 167-29. Trade pressures are up. Volume is bullish.
a close below 161-12 would signal lower.
EURO futures_ the reverse of the dollar moves. The neutral volume suggest short covering.
Weekly – has traded down to the 1.0423 level. Trade pressures are down. Volume turned bullish this last week. A weekly Close above 1.0922 would confirm a daily move up.
Daily – The retracement move up from the 1.0576 long entry has quickly reached the 1.0910 target and retraced. A second cycle long was triggered at 1.0765 with an 1.180 target. Both these trades are counter trend trades inside the longer trend short trade. The Trade pressures are turning up. Volume is neutral from bearish.
Watch the 1.0623 lows of thursday’s down bar. Use that as a stop.