USD_ DXM18  #usdollarfutures

Weekly – Traded above the prior 94.50 pivot but returned to close just below. Trade pressures are up and extended. Volumes have changed from bullish to bearish.

Daily – In the move up from the 93.13 long entry level.

Trade pressures are up but turning down. Volumes are mixed bearish to neutral to bullish.

Price traded up to the 94.78 target and as the trade pressures turned down, went into a retracement just as expected.

Both support and a new short entry for this retracement are at the 93.44 level.

A close above 94.79 would signal a new leg up.

 

US 30YR T-BOND_ USU18  #ustreasurybondfutures

Weekly – The weekly support held and produced the retracement move up. Trade pressures are up into the neutral zone. Volumes have changed from bullish to bearish.

Daily – Flat. The rally that began the prior week move quickly to the 144-31 upside target. Trade pressures are up and extended. Volumes remain bullish.

After meeting the upside target of 144-31, a retracement has started. The new short entry level is 144-08 and has been triggered. Wait for the pressures on the hourly level to confirm.

The next target down is 141-10.

A close above 146-00 would signal higher and is also a stop level for the short trade.