USD_ DXM18  #usdollarfutures

Weekly – Two big weeks off the 88 basing area. Trade pressures are up and extended. Volumes are 8 weeks bullish.

Daily – In the move up from the 89.22 long entry level. Trade pressures are up . Volumes are bullish.

The next target up is the nearby 92.95 level..

A close below the 91.22 level would signal lower. As the money flows into the dollar, all other currencies are down in response. The most down is the Swiss Franc which is also a gold substitute for some traders.

Expect some dollar retracement and the response from these other currencies. Expect some counter move in the US Treasuries also as the dollar turns.

 

US 30yr T-BONDS_ USM18  #ustreasurybondfutures

Weekly – This is a week off the second test of the 2018 lows. Trade pressures are down out of the neutral zone. Volumes are now neutral.

Daily – Flat. In the move down from the 144-08 short level. Trade pressures are up into the neutral zone. Volumes are bullish.

In a retracement up into the 25×5 moving average at 144-15. look at the pressures at this level for a possible re-entry into the short trade. The dollar will dictate.