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USD_ DXM21
Weekly – Move up off the 89 base. The 2018 low is 84.24. Trade pressures are up. Volumes are bearish.
Daily – In the new move up from the 91.33 long entry. Trade pressures are down but rising. Volumes are bullish.
The next target up is 92.89, the 200 day MA.
A close below 90.95 would signal lower.
US 30YR T-BONDS_ USM21
Weekly – The long move down started March 2020. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the short trade from the January 167-02 entry. Trade pressures are down. Volumes are bearish.
The next target down is 153-21.
A close above last weeks high of 158-28 would signal a retracement. But long term hard to see any impetus higher until the stimulus wears off and inflation fears die. Dis-inflation is a FED worry.