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USD_ DXM20

Weekly – In the narrow sideways channel. Trade pressures are down. Volumes are bullish.

Daily – Trading between 98-101. Trade pressures are down. Volumes are bullish.

Reached the upper channel boundary and now turned down to the lower. With the weekly trade pressures down this current downward move should accelerate to the next target down of 98.395.

A bullish reversal that closes above the 100.60 would signal a possible break out of the channel to test the 102 levels.

 

US 30YR T-BONDS_ USM20

Weekly – Stuck in neutral. Trade pressures are declining into the neutral zone. Volumes are bullish.

Daily – Flat. In the slow move down. Trade pressures are up. Volumes are bearish.

A bearish reversal of the daily trade pressures would align the daily with the weekly. The next target down is 177-14.

Lots of support at the 178-16 level. A close above 181-04 would signal higher.