USD_ DXM16

Weekly – The third week of the move up off the 93.00 low. Trade pressures are rising thru neutral. Volumes have changed to bullish.

Daily – In the move up from the 93.48 level. Trade pressures are up but extended. Volumes are bullish.

The next target up is 96.66.

The trend would change to down with a close below 94.20.

 

US 30YR T-BONDS_ USM16

Weekly – 5 of 7 weeks have tested the 167-06 level. Trade pressures are down but rising. Volumes have changed to bearish.

Daily – Flat. The short entry price of 164-29 was triggered mid-week as the FED jawboned the funds rate up. Trade pressures are down and passing thru neutral. Volumes are bearish.

The next target down is 161-21.

The stop will be the 166-29 high pivot.

The HYG ETF is rising, so may see some retracement up in the 30yr here.