#usdollarfutures #ustreasurybondfutures
USD_ DXM20
Weekly – Retracing the move down with a 38% rise above the 100 level. Trade pressures are up but declining. Volumes are neutral.
Daily – The short entry just below 103 sent the dollar down to the expected 100% target at 98.14. Then a five day rally has taken price back to the 100 level and a new long entry signal. Trade pressures are up and extended. Volumes are now bullish.
The next target up is 104.73.
A close below 99.64 would signal lower once again.
US 30YR T-BONDS_ USM20
Weekly – In the move down after the sharp rally in early March. Trade pressures are up but declining. Volumes are neutral.
Daily – Flat. In the new move up from the 176 level. Trade pressures are up. Volumes are bullish.
The next target up is 190-11.
A close below 177-06 would signal lower.
[4-5-20: short at 181-15. Stop 182-31]
[4-6-20: Lower stops to the 181-15 entry price.]