#usdollarfutures #ustreasurybondfutures
USD_ DXH20
Weekly – after the first move down the dollar trade up to the lower channel line. Trade pressures are up but turning down. Volumes are bearish.
Daily – New short signal at 97.79. Trade pressures are down . Volumes are bearish.
The next target down is 96.97.
A close above 97.63 would signal a reversal.
SOM doesn’t trade the dollar; just using it as a reference. Everything is affected buy, or affects, the dollar. Use the Euro futures if you want a trade; It will be the opposite direction, usually.
US 30YR T-BONDS_ USH20
Weekly – As the dollar declines the Bonds breakout above the prior downward sloping channel ine. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move up from the January 2020 long entry at 156-16. Trade pressures are up and trending. Volumes are bullish.
At the the 161% target. Expect consolidation and retracement. The next target up is the 166 prior high.
A close below 161-24 would signal lower.