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USD_ DXZ18

Weekly – Momentum has flattened out. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Entered the move down in August at 94.93 and retested the June – July lows at 93.90. Now a retracement move up inside that down move has triggered a new long entry at 95.46.

The 2017 high was over 101. But the August 2018 prior high is 96.47 and would likely stop any further short-term move up.

 

US 30YR T-BONDS_  USZ18

Weekly – Broke the recent lows and went quickly to thew weekly 137-20 target. Trade pressures are down. Volumes are bearish.

Daily – Flat. Continuing the move down from the 144-03 short entry on August 28th. Trade pressures are down but showing some divergence. Volumes are bearish at the close of the week.

Now at multiple targets around the 137-138 level. Expect consolidation and a possible retracement here.

The next target down is 135-16.

A close above 137-26 would signal that retracement.