Category: Currencies

US$$

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USD_ DXM20

Weekly – Holding in the pattern between the 100 and 98 levels. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – While still in the move down from the 102 near the 103.96 highs, a retracement move up inside that down move is developing. Trade pressures are up. Volumes are bullish.

The next target down is the old 98.82 downside target.

A close above 100.60 would trigger a new move up to perhaps a test of the 102 levels. It would be a flight-to-safety, so what would be the reason? Equity market problems?

 

US 30YR T-BOND_ USM20

Weekly – Looks very much like the dollar. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the channel between 182-31 and 177-06. Trade pressures are up and extended. Volumes are bullish.

Need a break above 182-31 to get long. The next target up is 197-04.

Need a break below 177-04 to get short and the next target down would be 167-26.

Watch the US Dollar futures.

 

 

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USD_ DXM20

Weekly – In the narrow sideways channel. Trade pressures are down. Volumes are bullish.

Daily – Trading between 98-101. Trade pressures are down. Volumes are bullish.

Reached the upper channel boundary and now turned down to the lower. With the weekly trade pressures down this current downward move should accelerate to the next target down of 98.395.

A bullish reversal that closes above the 100.60 would signal a possible break out of the channel to test the 102 levels.

 

US 30YR T-BONDS_ USM20

Weekly – Stuck in neutral. Trade pressures are declining into the neutral zone. Volumes are bullish.

Daily – Flat. In the slow move down. Trade pressures are up. Volumes are bearish.

A bearish reversal of the daily trade pressures would align the daily with the weekly. The next target down is 177-14.

Lots of support at the 178-16 level. A close above 181-04 would signal higher.

 

US$$

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USD_ DXM20

Weekly – Remains in the 98-101 range. Trade pressures are down. Volumes are neutral.

Daily – At the lower bound of the trading range and at the 98.62 down side target.

Trade pressures are down. Volumes are bearish.

The next target down is the median line at 98. The 95.65 come in if the dollar is diluted too much.

A close above the upper bound at 100 would signal a new move up.

 

US 30YR T-BONDS_ USM20

Weekly – Have been moving sideways for weeks now. Trade pressures are up but steadily declining. Volumes are bullish.

Daily – Flat. In a new move up but can’t get thru the 182-31 resistance. Trade pressures are down. Volumes are bearish.

The next target up is 181-16.

A close below 181 would signal lower.

US$$

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USD_ DXM20

Weekly – A the upper bound of the weekly channel. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Also at the upper bound of the daily channel. Trade pressures are up and extended. Volumes are bullish.

The next target up would be the prior highs at 103.96.

A close below 100 would signal a move to the lower bound of the channel at 98.40.

 

US 30YR T-BONDS_ USM20

Weekly – In the move down from the 184-09 weekly short entry. Trade pressures are up but declining into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 181-03 new long entry. Trade pressures are down into the neutral zone.

The next target up is 187-04.

A close below the 177-06 level would signal a new short. Look for confirmation with the trade pressures turning down below the neutral zone.

[4-29-20: Sell short at 182-01. set the stops at 182-20. with a target of 181-16.]

[4-29-20 covered at profit target at the close – 118-16.]

US$$

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USD_ DXM20

Weekly – still in the 99-101 channel. Trade pressures are down. Volumes are neutral.

Daily – In the move up after a long trigger at the 100.52 level. But no momentum. The next target up is the old high at 103.96.

A close below the 98 level would signal lower.

The flush of new dollars injected by the FED would seem dilutive and therefore push the dollar down. If that’s true, then gold is the trade.

 

US30 YR T-BONDS_ USM20

Weekly – In consolidation around the 189 level. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the move up from the 176-00 long entry in March, Trade pressures are up but turning down. Volumes are bearish.

The next target up is 190-11, a retest of the highs.

A close below 177-06 would signal lower.

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USD_ DXM20

Weekly – After the spike to the 104 levels , price has settled into the 98-102 range, Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – In the move down from 98.70. Trade pressures are down. Volumes are bearish. The next target down is the recent low pivot of 98.34.

A close above 101-00 would signal higher.

 

US 30YR T-BONDS_ USM20

Weekly – In the move down form 191-22. Trade pressures are up but declining. Volumes are neutral.

Daily – Short. In the move down from the 181-15. Trade pressures are down hard. Volumes are bearish.

The next target down is 177-06.

A close above 181-08 would signal higher. This should be the stop, also.

[4-13-20: Daily is oversold. Close the short@178-06.]

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USD_ DXM20

Weekly – Retracing the move down with a 38% rise above the 100 level. Trade pressures are up but declining. Volumes are neutral.

Daily – The short entry just below 103 sent the dollar down to the expected 100% target at 98.14. Then a five day rally has taken price back to the 100 level and a new long entry signal. Trade pressures are up and extended. Volumes are now bullish.

The next target up is 104.73.

A close below 99.64 would signal lower once again.

 

US 30YR T-BONDS_ USM20

Weekly  – In the move down after the sharp rally in early March. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the new move up from the 176 level. Trade pressures are up. Volumes are bullish.

The next target up is 190-11.

A close below 177-06 would signal lower.

[4-5-20: short at 181-15. Stop 182-31]

[4-6-20: Lower stops to the 181-15 entry price.]

 

 

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YSD DXM20

Weekly – Tagged the prior highs and then turned down to the earlier breakout just below 100. Trade pressures are up. Volumes are now neutral.

Daily – The Monday open rose to the 103.99 target then turned down thru the 102.75 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 95.65.

A close above 100.57 would signal a new move up. This would put the daily trade pressures in alignment with the weekly.

 

US 30 YR T-BONDS_ USM20

Weekly – The panic buying seems to be abating. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. In a new move up from the 176-00 new long entry. Trade pressures are up with a new bullish reversal. Volumes are bullish.

The next target up is 180-11.

As the weekly is turning down need to wait for the next bearish reversal on the daily. A close below 175-06 would signal lower.

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USD_ DXM20

Weekly – Huge flows into the US Dollar. Trade pressures are up. Volumes are bullish for these two weeks.

Daily – Moved off the 94.53 lows and up near the 103.99 upside target. Trade pressures are up and over – bought. Volumes are steadily bullish. The next target up is that 103.99 level.

A close below 102.61 would signal lower.

 

US 30YR T-BONDS_ USM20

Weekly – In the move down off the recent highs. Trade pressures are up but rolling over. Volumes are now neutral.

Daily – Flat. In the move up after the retracement form the 191 to the 168 support level. Trade pressures  are up. Volumes are neutral.

The next target up is the 176 new long entry.

A close below the 167-05 will signal lower.

US$$

USD_ DXM20

Weekly – The prior week’s drop is completely offset by this week’s rally. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Daily – After the plunge to the 95.02 downside target, price tuned up thru the 95.48 new long entry. In four days the 98.32 target was reached.

The next target is the prior high of 99.67.

A close below 07 25 would signal lower.

 

US 30YR T-BONDS_ USM20

Weekly – Ran to all times highs. Trade pressures are up. Volumes are now neutral.

Daily – In the move down. Trade pressures are now down. Volumes are now bearish.

At the downside 1.62% target. Expect consolidation and possible retracement.

A close back above 181 would signal higher.