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USD_ DXZ18

Weekly – Strong dollar futures. Trade pressures are up but showing some divergence. Volumes are bearish.

Daily – The trade down thru the 96.80 triggered a retracement. Trade pressures are down into the neutral zone. Volumes are bearish.

Still in the longer cycle move up, but having a retracement down within that move up.

The next target down is 94.62, which is just above a confluence of the uptrend support line, a prior low pivot, and the 25×5 moving average.  These multiple levels should provide support.

A close below 95.33 would signal lower.

 

US 30 YR T-BONDS_ USZ18

Weekly – Remains in the consolidation at the 137-20 level. Trade pressures are down but turning up. Volumes are now bullish.

Daily – Flat. Breaks thru the 25×5 moving average and continues the rally to the downtrend resistance. Trade pressures are up. Volumes are bullish.

At the upper median line of the downward sloping pitchfork. The next target up is the double top at 139-25, then 140-18.

A close below 137-24 would signal lower once again.

Set the stop at the 25 x 5 at 138-10 for any long position.