USD_ DXU18  #usdollarfutures

Weekly – After testing the prior high of 93.83, the dollar has pulled back. Trade pressures are up. Volumes are mixed, bearish to neutral.

Daily – Price reached the 94.36 upside target last week and immediately began a retracement. Trade pressures are down. Volumes are bearish.

The short entry has been triggered at 93.04, but the 25 x 5 is just under at 82.82. so this support will have to be tested. The G-7 meeting may provide a catalyst.

The next target down is 91.69.

A close above 94.34 would resume the move up.

 

US 30YR T-BOND_ USU18  #ustreasurybondfutures

Weekly – The rally off the lows was stopped at the 25×5 moving average at 146-25. Trade pressures are rising in the neutral zone. Volumes remain bearish.

Daily – Flat. The move up from 140-24 was stopped at the 100% Fib target. Trade pressures are down into the neutral zone. Volumes are bullish to bearish.

The inside short retracement move down started at 144-08. The next target down is 141-19.

A trade up thru the 143-19 would signal a resumption of the move up. Watch for a confirmation in volume and the change in the hourly trade pressures.

The FED will announce a rate change on Wednesday. Various geopolitical events will add or reduce international stress over the weekend. Watch the dollar futures.