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USD_ DXM20

Weekly – Holding in the pattern between the 100 and 98 levels. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – While still in the move down from the 102 near the 103.96 highs, a retracement move up inside that down move is developing. Trade pressures are up. Volumes are bullish.

The next target down is the old 98.82 downside target.

A close above 100.60 would trigger a new move up to perhaps a test of the 102 levels. It would be a flight-to-safety, so what would be the reason? Equity market problems?

 

US 30YR T-BOND_ USM20

Weekly – Looks very much like the dollar. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the channel between 182-31 and 177-06. Trade pressures are up and extended. Volumes are bullish.

Need a break above 182-31 to get long. The next target up is 197-04.

Need a break below 177-04 to get short and the next target down would be 167-26.

Watch the US Dollar futures.