#usdollarfutures #ustreasurybondfutures
USD_ DXM19
Weekly – In the move up from the 92.50 level. Trade pressures are up. Volumes are bullish.
Daily – In the move up from the 95.21 level. Trade pressures are up. Volumes are mixed bullish to bearish. Volatility seems to rise and fall with the trade rumors.
A spike up took the dollar to near the 96.77 upside target level and then quickly pulled back. This 96.77 level is the next target up.
A close below the 96.04 level would signal lower.
US 30 Year T-BONDS_ USH19
Weekly – A seven week rally then a two week pullback, and now a four week second leg up. Trade pressures are up and declining. Volumes are bullish.
Daily – Flat. the two week pullback took price to the 144-00 level. Trade pressures are in the neutral zone. Volumes are mixed bearish-bullish-neutral.
Still in the uptrend of November, the close below 146-22 started a retracement trade lower which was stopped at the 144 support. A close below 146-03 would signal a new short entry.
Need a close above the 147-09 to start a new long trade.
Short trade stops will be a the 147-09 level.