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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.]