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USD_ DXM19

Weekly – Remains in the consolidation at these 98 levels. Trade pressures are up. Volumes remain bullish.

Daily – Ran to new highs and tested the 98.22 upside March cycle target before turning lower sharply. The two day drop took The USD to 97.41 and is now resting on the lower median line support at that price.

Trade pressures are up and were over bought but have turned down. Volumes are bearish.

Still in the move up and the next target up is 98.27.

A close below the 97.41 Friday lows would signal a new move lower to test the prior lows at 96.81.

 

US 30 YR T-BONDS_ USM19

Weekly – Remains in the uptrend started in December 2018. Trade pressures are up. Volumes remain bullish.

Daily  – Flat. Still in the move up from the 147-21 long entry in April. Trade pressures are up but declining. Volumes are bullish.

The flight to safety as the equity markets dropped move price to the 151-12 upside target.

The next target up is 153-04 very near the 2017 Fall highs.

A close below 150-09 would signal some profit taking and a retracement of this move up.