Category: Currencies

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USD_ DXZ24

Weekly –  In the new October 2024 uptrend.  Trade pressures are up. Volumes are bullish.

Daily – Long. Big election rally off the low pivot at 103.28 and out of the bull flag. Trade pressures are up.  Volumes are now neutral.

The next target up is 105.25.  The expected overbought level rises to 105.11.

The break below the 104.22 signals lower. The expected oversold levels rises to 103.46.

 

US30YR T-BOND_ USZ24

Weekly – In a new October 2024 downtrend.  Trade pressures remain down.  Volumes are now bullish.

Daily  – Flat. In the  move down from 126-16 on 9/18. Trade pressures are now up.  Volumes are now neutral.

At the downside target of 115-25. Oversold levels 115-00.

A close above 118-08 would signal higher and would be confirmed at 120 with a trend line breakout. Overbought levels are 121-30.

[The 10yr yield overbought level rises to 4.19%. Inflation expectations still rise thru 1Q25 and 2Q25.]

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USD_ DXZ24

Weekly –  In the new August 2024 downtrend but pressing the resistance line.  Trade pressures are up. Volumes are bullish.

Daily – Long. Big rally off the low pivot at 99.86 and thru the long entry at 100.51. Trade pressures are up.  Volumes are bullish.

The next target up is 103.89.  The expected overbought level rises to 103.90.

The break below the 102.29 signals lower. The expected oversold levels rises to 102.01.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain down.  Volumes remain bearish.

Daily  – Flat. In the  move down from 126-16 on 9/18. Trade pressures are down.  Volumes are bearish.

At the downside target of 119-27. Oversold levels 120-09.

A close above 120-14 would signal higher and would be confirmed at 122-12. Overbought levels are 122-16.

[The 10yr yield overbought level declines to 4.07%. But inflation expectations still rise.]

US$$

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USD_ DXZ24

Weekly –  In the new August 2024 downtrend.  Trade pressures are up. Volumes are neutral.

Daily – Long. Big rally off the low pivot at 99.86 and thru the long entry at 100.51. Trade pressures are up.  Volumes are bullish.

The next target up is 103.13.  The expected overbought level rises to 103.42.

The break below the 101.60 signals lower. The expected oversold levels rises to 100.40.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Short. In the  move down from 126-16 on 9/18. Trade pressures are down.  Volumes are bearish.

The next target down is 119-27. Oversold levels 120-09.

A close above 120-26 would signal higher. Overbought levels are 122-18.

[The 10yr yield is near its overbought level of 4.19%.]

US$$

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USD_ DXZ24

Weekly –  In the new August 2024 downtrend.  Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. Big rally off the low pivot at 99.86 and thru the long entry at 100.51. Trade pressures are up.  Volumes are bullish.

The next target up is 102.58.  The expected overbought level rises to 102.29.

The break below the 101.63 signals lower. The expected oversold levels declines to 99.65.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Short. In the  move down from 126-16 on 9/18. Trade pressures are down.  Volumes are bearish.

The next target down is 119-27. Oversold levels 120-21.

A close above 123-02 would signal higher. Overbought levels are 127-00.

The 10yr yield is near its overbought level just below 4%.
Set tight stops on this short at 122-10. Set a profit stop at 120-20.

[10-08-24: Take profits at 120-29.]

US$$

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USD_ DXZ24

Weekly –  In the new August 2024 downtrend.  Trade pressures remain down. Volumes remain bearish.

Daily – Short. The low pivot is now 99.86. Trade pressures are down.  Volumes remain bearish.

The break below the 100.23 signals lower. The expected oversold levels rises to 99.97.

A close above 100.51 would signal higher. The expected overbought level rises to 101.16.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up, but declining.  Volumes remain bullish.

Daily  – Short. In the  move down from 126-16. Trade pressures are down but rising.  Volumes are neutral.

The next target down is 122-30. Oversold levels 120-21.

A close above 124-26 would signal higher. Overbought levels are 127-00.

 

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USD_ DXZ24

Weekly –  In the new August 2024 downtrend.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The low pivot at 100.40 still holding. Lower FED rates; lower dollar. Trade pressures are down.  Volumes are now neutral.

The next target up is 101.73. The expected overbought level declines to 101.49.

A break below the 100.62 LML would signal lower. The expected oversold levels rises to 100.45.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up.  Volumes remain bullish.

Daily  – Flat. In a new move up off the support at 122-16. Trade pressures are up.  Volumes remain bearish.

Made a new pivot high at 127-14. Overbought levels are 127-20.

A close below 126-07 would signal lower. Oversold levels 123-25.

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USD_ DXZ24

Weekly –  In the new August down trend.  Trade pressures remain down. Volumes are now bearish.

Daily – Long. The low pivot at 100.40 holds a second time; still long. Trade pressures are down.  Volumes remain bullish.

The next target up is 101.76. The expected overbought level rises to 101.99.

A break below the 100.40 pivot would signal lower.. The expected oversold levels rises to 100.26.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up.  Volumes are bullish.

Daily  – Flat. In a new move up off the support at 122-16. Trade pressures are up.  Volumes remain bearish.

The next target up is 127-24. Overbought levels are 127-02.

A close below 125-07 would signal lower. Oversold levels 120-00.

 

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USD_ DXZ24

Weekly –  In the new August down trend.  Trade pressures remain down. Volumes are now bearish.

Daily – Long. The low pivot at 100.40 holds, and a new long is triggered at 101.08 on 8-30. Trade pressures are up.  Volumes are bullish.

The next target up is 102.08. The expected overbought level declines to 101.98.

At the 100.58 target. The expected oversold levels rises to 100.24.

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up.  Volumes are neutral.

Daily  – Flat. The lower highs translated to a move down to support at 122-10. Trade pressures are down.  Volumes are bearish.

the next target down is 121-06. Oversold levels remain 119-25.

A close above 124-04 would signal higher. Overbought levels are 125-23.

 

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USD_ DXU24

Weekly –  8/16/24 In the new August down trend.  Trade pressures remain down. Volumes are now bearish.

Daily – Short. Testing support at 100.58.  Trade pressures are down  Volumes are bearish.

At the 100.58 target. The expected oversold levels decline to 100.01.

A close above 101 would signal higher. The expected overbought level declines to 102.58.

[8-28-24: The 2hr chart has a buy signal, but the daily stays in downtrend. Watch the 10yr.]

 

US30YR T-BOND_ USZ24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up.  Volumes remain bearish.

Daily  – Flat. grinding higher. Lower Highs. Trade pressures are down.  Volumes remain neutral.

Now at 123-26. The next target up is 125-09. Overbought levels are 126-05.

A close below 121-23 would signal lower. Oversold levels are 119-25.

 

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USD_ DXU24

Weekly –  8/16/24 In the new August down trend.  Trade pressures remain down. Volumes are now bearish.

Daily – Long. Testing support at 102.30.  Trade pressures are down  Volumes are neutral.

The next target up is 103.32. The expected overbought level declines to 103.36.

A close below 102.20 would signal lower. The expected oversold levels rise to 102.16.

[8-21-24: Short from the Monday drop below 102.20.  At 101.11 downside target. ROW currencies are up.]

 

US30YR T-BOND_ USU24

Weekly – In a new August 2024 uptrend.  Trade pressures remain up.  Volumes are now bearish.

Daily  – Flat. grinding higher. Trade pressures are down into the neutral zone.  Volumes remain neutral.

Now at 123-26. Overbought levels are 123-07.

A close below 123-04 would signal lower. Oversold levels are 119-25.