USD_ DXU18 #usdollarfutures
Weekly – Big rally back to the highs. Trade pressures are up and extended. Volumes are bullish.
Daily – The 25×5 moving average held as support. In the new move up after breaking up thru the 94.94 new long entry level. Trade pressures are up. Volumes are mixed bullish to neutral.
The next target up is 95.00.
A close below 93.27 would signal lower. But, that level is again at the rising 25×5 moving average; so should act as support.
US30YR T-BOND USU18 #ustreasurybondfutures
Weekly – These dollar inflows have to go somewhere. Trade pressures are up. Volumes are now bullish.
Daily – Flat. In two moves. The move up from 140-23 is the dominant cycle. The pullback that began at the 144-08 short entry has stopped at the 25×5 moving average. Trade pressures are up. Volumes are bullish.
The new move up begins at the 143-19. The next target up is 146-03.
A close below the 25×5 moving average at 142-15 would restart the move down.