USD_ DXM18  #usdollarfutures

Weekly – The down trend is still in place. Trade pressures are down but rising. Volumes are now bullish. The next weekly target down is 86.54.

Daily – The tariff talk coupled with lower 1st Qtr GDP estimates weakens theses dollar futures. Trade pressures are down. Volumes are mixed, bullish to bearish.

While in the uptrend from 88.82, price is sitting on the trigger for a new move down at 89.05.

Uptrend support is at 88.46.

 

US 30 YR T-BONDS_ USM18  #ustreasurybondfutures

Weekly – Still inside the move up from the May 2017 long signal. This recent down trend started Jan 2018. Trade pressures are down but rising. Volumes are now bearish to neutral. Sitting just on the 141-09 support level, a break down would void the weekly long cycle long signal.

Daily – Flat. In a move up from the 143-09 long entry level. Trade pressures are in the neutral zone with a slight upward bias. Volumes are mixed bearish to bullish.

Previous long entries had been stopped out due to tight stops put in place to recognize the counter trend nature of this long trade.

Look for a new long trade if there is a retracement near the 25×5 moving average at 143-19.

A new move down would need a close below 142-21.

Set any long stops at this 142-21.