USD_ DXU17  #usdollarfutures

Weekly – Continues the move down. Trade pressures are down and trending. Volumes have returned to bearish.

Daily – Remains in the move down. Trade pressures are down but rising. Volumes are now bearish.

The downside target at 92.65 has acted as resistance and price is consolidating as expected.

A new short cycle retracement move up started at 93.16.

The next likely target up is the 25×5 moving average at 93.91.

A close below the 92.39 low would signal a resumption of the move down.

 

US 30 YR T-BONDS_ USU17  #ustreasurybondfutures

Weekly – In the move up from the weekly 152-29 long confirmation. Trade pressures are up. Volumes have moved from bearish-to-neutral-to-bullish in these three weeks.

Daily – Flat. Moving up inside a wide channel. Trade pressures are up. Volumes are bullish.

At the 155-23 level. The next target up 156-23.

A close below 154-18 could signal lower.

Wide daily swings and a flat moving average says to stay away from this trade for now.