USD_ DXM18  #usdollarfutures

Weekly – After the mid February low the dollar has been in a move up. Trade pressures are up. Volumes remain bullish.

Daily – In the move up from the 89.21 level in March. Trade pressures are up and trending. Volumes are bullish.

The April rally took the dollar to the 92.95 extended target. After a pull back to the upward channel’s lower boundary; a 5 day resumption of the move up.

The next target up is 94.78.

A close below 91.98 would signal lower.

 

US 30 YR T-BOND_ USM18  #ustreasurybondfutures

Weekly – The old support has been broken. Trade pressures are down. Volumes are bearish.

Daily – Flat. The early May rally was stopped by the downward sloping channel resistance line. Trade pressures are down. Volumes are mixed Neutral to Bearish then bullish in these last three trading days.

A the 140-26 downside target and consolidating. This is also a weekly downside target at 140-15. Expect consolidation here.

The next target down is 139-19.

Need a close above 142-00 to signal higher.