#usdollarfutures #ustreasurybondfutures
USD_ DXZ18
Weekly – In consolidation around the 94.33 level. Trade pressures are down into the neutral zone. Volumes are bullish. the 137-14 weekly target has been met.
Daily – Still in the trade down from the 94.93 short entry level. Trade pressures are up out of the neutral zone. Volumes are bearish.
The next target down is 92.43.
95.58 is the new long entry which was touched two weeks ago and was tested again this last week, but failed to break thru. The test was on a lower trade pressure, so some divergence suggesting lower before higher.
The Dollar futures do react to geo-political events; and those events are increasing in number.
US 30 YR T-BONDS_ USZ18
Weekly – Consolidating at the 137-20 downside target. Trade pressures are down. Volumes are neutral.
Daily – Flat. In the move up off the 137-15 new long entry. Trade pressures are flat in the middle of the neutral zone. Volumes are bullish to bearish.
A the 139-00 target and consolidating. Any stops should be at the breakeven.
A close below the 136-27 level would signal a resumption of the move down.