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USD_ DXZ18
Weekly – Retracing in the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.
Daily – In the downtrend. Trade pressures are down. Volumes are bearish. The late in the week break down below 94 has sparked rallies in the metals and the bonds.
The next target down is 92.43.
A close above the 25×5 moving average would signal a resumption of the move up.
US 30YR T-BONDS_ USZ18
Weekly – Four weeks down. Trade pressures are down. Volumes are bearish.
Daily – Short. In the move down from the 143-12 break of the 25×5 moving average. Trade pressures are down. Volumes are bearish.
At the 140-21 downside target. The next target down is 137-28.
A close above 140-22 would signal a retracement up.
This 140-22 is now the stop.
[9-26-18: FED day. Lower the stop to 140-16]