Category: Currencies

US$$

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USD_ DXM20

Weekly – two weeks hard down. Trade pressures are down. Volumes are bearish very high volumes this week.

Daily – Down hard. Trade pressures are down and over sold. Volumes are bearish.

The next target down is 95.02.

A close above 96.43 would signal higher.

 

US 30YR T-Bonds_ USM20

Weekly – Three weeks to get from the 161 target to the 179 target! Trade pressures are up. Volumes are bullish.

Daily – Flat. The previous short entry was stopped almost the same day. Trade pressures are up and trending. Volumes are bullish.

The next target up is 183-04.

A Close below 178 would signal lower.

US$$

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USD_ DXH20

Weekly – Second week of declining volumes. Trade pressures are up but declining. Volumes are Bearish.

Daily – In the new move down from the 99.10 level. Trade pressures are down. Volumes are bearish.

The next target down is 97.15.

A close above 98.78 would signal higher.

 

US 30YR T-Bonds_ USM20

Weekly – Big rally to new highs. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the 170-16 upside target. Expect consolidation and retracement. Trade pressures are up and overbought. Volumes are bullish.

The next target up is 174-13.

A close below 168-09 would signal lower.

{3-2-20: Closed on the short entry of 169-22. Stops  at the 172-09.]

[3-3-20:stopped out at the 172-09 level.]

US$$

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USD_ DXH20

Weekly – In the move up Trade pressures are up. Volumes are bearish.

Daily  – Retracing inside the move up. Trade  pressures are up but turning down. Volumes are bearish. The next target down is 98.38.  A close back above the 99.81 level would signal higher.

 

US 30YR T-Bonds_ USH20

Weekly – Making a retest of the 2019 highs. Trade pressures are up. Volumes are bullish.

Daily – In the move from the 161-06 level. Trade pressures are up. Volumes are bullish.

The next target up is 167-10.

Near the end of a move up. A close below 164-27 would signal a retracement lower.

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USD_ DXH20

Weekly – Back to the October 2019 highs. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the second leg up which began at the 97.63 level. Trade pressures are up. Volumes are bullish.

The next target up is 99.16.

A close below 98.36 would signal lower.

 

US 30YR T-Bonds_ USH20

Weekly – At resistance. Trade pressures are up but reversing. Volumes are still bullish.

Daily – Flat. Beginning a retracement inside the move up. Trade pressures are in the neutral zone. Volumes are neutral to bullish.

The next target up is 165-30 prior high.

The 2 hour chart is showing bearish reversal in the trade pressures. A close below the 161-14 level would signal lower.

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USD_ DXH20

Weekly – Testing the prior highs. Trade pressures are up. Volumes are bullish.

Daily – After the pullback form the 98 highs price rallied with a second leg up and is approaching the 98.62 target. Trade pressures are up. Volumes are bullish. It is as if the US markets are a “corona virus safe haven”.  99.00 should be reachable in this move.

 

US 30YR T-BONDS_ USH20.

Weekly – Usually Bonds move down, as the dollar rises, as interest rates rise. Trade pressures are up and turning down. Volumes are bullish.

Daily – Flat. In the move down from the 162-27 short entry price. Trade pressures are down but rising. Volumes are neutral.

The next target is 158-31.

A close above 164-05 would signal higher.

US$$

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USD_ DXH20

Weekly – after the first move down the dollar trade up to the lower channel line. Trade pressures are up but turning down. Volumes are bearish.

Daily – New short signal at 97.79. Trade pressures are  down . Volumes are bearish.

The next target down is 96.97.

A close above 97.63 would signal a reversal.

SOM doesn’t trade the dollar; just using it as a reference. Everything is affected buy, or affects,  the dollar. Use the Euro futures if you want a trade; It will be the opposite direction, usually.

 

US 30YR T-BONDS_  USH20

Weekly – As the dollar declines the Bonds breakout above the prior downward sloping channel ine. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the January 2020 long entry at 156-16. Trade pressures are up and trending. Volumes are bullish.

At the the 161% target. Expect consolidation and retracement. The next target up is the 166 prior high.

A close below 161-24 would signal lower.

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USD_ DXH20

Weekly – Has dropped out of the weekly October 2018 rising channel. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 96.45 long entry level. Trade pressures are up. Volumes are bullish.

At the 97.63 target where consolidation is expected. The next target up is the prior high of 98.

A close below 97.25 would signal lower.

 

US30YR T-BONDS_ USH20

Weekly – At the upper bound of the declining channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 156-16 long entry. Trade pressures are up. Volumes are bullish.

Closed above the median line. The next target up is 163-27.

The 60 min has touched the 160-13 short entry price.  A daily close below 158-22 would signal lower.

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USD_ DXH20

Weekly – In the long term move up . Trade pressures are up. Volumes are bullish.

Daily – After the 96.02 low, now in a move up from the 96.30 level. Trade pressures are up into the neutral. zone. Volumes are bullish.

The next target up is 97.63.

A close below 96.92 would signal a resumption of the downtrend.

 

US 30 YR T-Bonds_  USH20

Weekly – In the long channel down. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a retracement move down. Trade pressures are down. Volumes are bearish.

The next target down is 156-06 at the lower median line.

A close above 158-22 would signal higher and place the daily trade pressures in sync with the weekly.

The 3hr chart shows an early long trigger at 157-19

 

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USD_ DXH20

Weekly – Four weeks in the new move down. Trade pressures are down. Volumes are bearish.

Daily – In the move down from the 96.98 short entry. Trade pressures are up into the neutral zone. Volumes are neutral.

The next target down is 95.62.

A close above 96.82 would signal higher.

 

US 30YR T-BONDS_ USGH20

Weekly – The test of the November lows held support. Trade  pressures are up in to the neutral zone. Volumes are bullish.

Daily – Long. In the new long trade from the 156-16 long entry price on Friday. Trade pressures are up. Volumes are bullish.

The next target up is 158-14. This is a retracement trade with resistance at 158-14.

Raise stops to the entry price of 156-16.

A close below 155-27 would signal lower.

[1-8-20: After an overnight run up to 159.59, stopped at the breakeven, 156.50.]

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USD_ DXH20

Weekly – The 96 level has held support for 10 weeks now. Trade pressures are Volumes are neutral.

Daily – In the move up from the 96.69 long entry level. Trade pressures are up. Volume are bullish.

The next target up is 97.90.

But resistance is at 97.67. A close below 96.92 would signal lower.

 

US 30YR T-BONDS_ USH20

Weekly – In a retracement down with the uptrend. Trade pressures are down and looking oversold. Volumes are bearish.

Daily – Short. In the move down from the 158-11 entry. Trade pressures are down and oversold. Volumes remain bearish.

The next target down is 154-19. Take profits at this target.

A close above 156-25 would signal higher.

Set buy stops at 156-25.

[12-27-19:Stopped out 156-25 overnight.]