#usdollarfutures #ustreasurybondfutures
USD_ DXZ22
Weekly – The 114.75 begins a retracement of that move up. Trade pressures are up. Volumes are now bearish.
Daily – In the retracement move down from the 113.58 short entry. Trade pressures are down. Volumes are now neutral.
The next target down is 110.12 which should coincide with an over-sold reading.
A close above 112.95 would signal higher once again.
US 30YR T-BOND_ USZ22
Weekly – In the January 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Short. Continues in the move down from the 138-24 short on 8/19. Trade pressures are down but rising. Volumes are bearish.
The next target down is 122-30.
A close above 127-26 would signal higher.
[10/4/22: Reversal. Now long at the 127-26 entry price. SL @ 126-03. Take profits at 130-24.]