USD (DX)_ DXZ15

Weekly – Still in the 93-98 price channel. Trade pressures are neutral. Volume is bearish.

Daily – Confusing. In the second leg down from 95.52 with a 93.27 target. However, a longer cycle has triggered a long entry at 96.47 off the recent selloff lows.

So, we go with the downward short cycle but realize the 93.27 target for that cycle is likely the low.

Trade pressures are up to neutral. Volume remains bearish.

 

30YR T-BONDS_ USZ15  FED day has come and gone with no change in the interest rates.

Weekly – The weekly 152-24 down-side target has provided support twice now. Trade pressures are down. Volume has changed from bullish to neutral.

Daily – Short. Have been in this trade for weeks now. The prior low of 151-29 held on FED day and a rally ensued for two days Thursday and Friday. But the market seems to realize that rates will rise at some point, so the down-trend stays in place. A close below 153-20 would signal a second leg down in price with first targets into the low 150’s.

The second target would be 146-16.

Trade pressures are up. Volume has changed to bullish from neutral.

The stop remains the 157-20 entry price.

[Update 9/24/15: Short Trade stopped out @ 157-10, the entry price.]