Category: Currencies

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USD_ DXZ23 [Contract change soon]

Weekly –  In the September 2023 uptrend now testing the support level. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Rising off  the 200 day MA to test the upper band of the downward channel.  Trade pressures are rising into the neutral zone. Volumes are neutral.

Tested the LML. The next target down is 100.93 which is also the oversold level

A close above 103.53 would signal higher. The expected overbought levels are then 108.05.

 

US30YR T-BOND_ USH24

Weekly – In the October 2021 downtrend but rising to resistance. Trade pressures remain up. Volumes remain bullish.

Daily  – Flat. Stopped out of the short for a loss. (Need to pay attention to the weekly time frame pressures.)  In the move up from 114-12 on 11/14.  Trade pressures are up. Volumes are now bullish.

The next target up 120-20.  Expected overbought levels are 118-21.

A close below 117-04 would signal lower. The expected oversold levels remain 114-19.

 

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USD_ DXZ23

Weekly –  In the September 2023 uptrend now testing the support level. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Consolidating around the lower channel boundary and the 200 day MA.  Trade pressures are down but rising. Volumes are bearish.

Testing the LML. The next target down is 102.84. The oversold levels are 102.59.

A close above 103.80 would signal higher. The expected overbought levels are then 104.49.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend. Trade pressures remain up. Volumes remain bullish.

Daily  – Short. Closed below the 115 level. Trade pressures are down into the neutral zone. Volumes are now bearish.

The next target down is 113.13.  Expected oversold levels are 111-12.

A close above 116-16 would signal higher. The expected overbought levels remain 116-11.

[11-27-23: Close the trade at 115-30 limit for a loss.]

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USD_ DXZ23

Weekly –  In the September 2023 uptrend. Trade pressures remain up, but declining. Volumes remain bearish.

Daily – Flat. Down hard on the 14th. Consolidating around the lower channel boundary.  Trade pressures are down. Volumes are bearish.

Down again after the retracement up to 105.96. The next target down is 103.65. The oversold levels are 103.95.

A close above 104.23 would signal higher. The expected overbought levels are then 106.54.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend. Trade pressures are now up. Volumes are  bullish.

Daily  – Flat. Traded up to the UML, pullback and now moving thru and out of the bull flag 115-13 . Trade pressures are up. Volumes are now bullish.

The next target up is 118-29.  Expected overbought levels are 116-12.

A close below 114-21 would signal lower. The expected oversold levels remain 110-09.

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USD_ DXZ23

Weekly –  In the September 2023 uptrend. Trade pressures remain up, but declining. Volumes remain bearish.

Daily – Flat. Bounced off the LML at 104.09  Trade pressures are up. Volumes are neutral.

In a retracement up. Expect resistance at 106.12. The overbought levels are 107.05

A close below 105.88 would signal lower. The expected oversold levels are then 104.78.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend. Trade pressures are down but rising. Volumes are  bearish.

Daily  – Flat. Consolidating the rally off 110-02 on 10-27 . Trade pressures are now down into the neutral zone. Volumes are now neutral.

The next target up is still 114-12.  A close above 115-13 would signal a new long. Expected overbought levels remain 116-12.

A close below 112-17 would signal lower. The expected oversold levels are 110-09.

 

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes are now bearish.

Daily – Short. In the second break down thru the 105.27 short entry.  Trade pressures are down. Volumes are bearish.

The next target down is 104.54. Expect support at the 104.62 level. The oversold levels are 105.56.

A close above 105.09 would signal a retracement higher. The expected overbought levels are then 106.87.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend well below the prior week. Trade pressures are down. Volumes are  bearish.

Daily  – Long. The new long was signaled at 110-02 on 10-27 . Trade pressures are now up. Volumes remain bearish.

The trend is now up. The next target up is 114-12.  Expected overbought levels are 116-12.

A close below 112-08 would signal lower. The expected oversold levels are 109-15.

SL at 113-12.

[11-5-23: stopped out at 113-07.]

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes are now bullish.

Daily – Long. In the new move up off the 106.22 long entry.  Trade pressures are up. Volumes are bullish.

The next target up is 107.42. Expect resistance at the 106.78 level. The overbought levels are 106.94.

A close below 104.90 signals lower. The expected oversold levels are now 105.50.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend well below the prior week. Trade pressures are down. Volumes are  bearish.

Daily  – Long. A new long is signaled at 110-02 on 10-27 . Trade pressures are now up. Volumes remain bearish.

The trend is still down. Need a close above 114 to change the trend to up. So any long trade here is a counter trade. Follow the trade with tight stops.  Expected overbought levels are 116-10.

A close below 109-02 would signal lower. The expected oversold levels are 106-03.

SL at 109-02.

[11-2-23: Raise SL to 110-31.]

[11-3-23: Raise SL to 113-01.]

 

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes are now bullish.

Daily – Flat. In the move up off the 105.30 low pivot and approaching the 106.37 long entry.  Trade pressures are now up. Volumes are neutral.

The next target up is 107.58. The overbought levels are 107.06.

A close below 105.99 signals lower. The expected oversold levels are now 105.24.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend and now the first week of a higher high above the prior week. Trade pressures are down. Volumes are now bullish.

Daily  – Long. In the retracement up from the 11-25 long entry . Trade pressures are now up. Volumes remain bullish.

The close above 111-22 did signal higher and did change the trend to bullish.
Expected overbought levels are 118-07.

A close below 111-25 would signal lower. The expected oversold levels are 109-21.

[The higher time frame trend is still down so this is a short term trade, Use tight stops.]
SL is 111-26.

[10-16-23: Stopped out for a BW]

 

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes are bearish.

Daily – Short. In the move down form the 105.79 short signal on 10/06.  Trade pressure is down. Volumes are bearish.

The next target down is 104.54. The oversold levels are 105.30.

A close above 106.75 signal higher. The expected overbought levels are now 107.11.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. Price sliding down the Median line, with four tests now around 110-111. Trade pressures are down. Volumes remain bullish.

At the 110-15 downside target. The expected oversold levels are 104-25.

A close above 111-22 would signal higher.  Need 116-21 to change the trend to bullish. Expected overbought levels are 120-22.

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes remain bullish.

The next target up is 105.65. The overbought levels are 105.95.

A close below 104.28 would signal lower. The expected oversold levels are now 104.52.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. Long signal completely wrong Trade pressures are down. Volumes are now bullish.

The close below 118-09 did signal lower. At the 116-12 downside target. The expected oversold levels are 115-24.

A close above 117-28 would signal higher.  Expected overbought levels are 118.22.

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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bullish.

The next target up is 107.38. The overbought levels are 106.75.

A close below 103.23 would signal lower. The expected oversold levels are now 104.06.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. Still in consolidation lower after the long signal. Trade pressures are down. Volumes remain bearish.

In a wedge that ends near October. A close above 120.68 would signal higher  Expected overbought levels are 121-11.

A close below 118-09 would signal lower. The next target down is 117-10. Expected oversold levels are 117-10.