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USD_ DXU19
Weekly – Broke out above the 98 level this week with the tariff escalation. Trade pressures are up in the neutral zone. Volumes are bearish!
Daily – After the spike up to 98.70 a two day hard selloff as the equity market dropped with the Trimp tweets and the FED interest rate cuts . Trade pressures are up but declining. Volumes are bearish.
In the new move down from the 98.10 short entry level.
The next target down is 97.51.
A close above 98.54 would restart the move up.
US 30YR T-BONDS_ USU19
Weekly – A decided breakout above the the 156-00 upside resistance. Trade pressures are up Volumes are bullish.
Daily – In the move up from the 155-27 new long entry of Thursday. Trade pressures are up. Volumes are very bullish.
The next target up is 160-05.
A close below 158 would signal a retracement form these highs.