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USD_ DXZ22

Weekly – Experiencing a pullback in the long March 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Traded up thru the new long entry at 111.86 on 11/3 then reversed on Friday to near the oversold levels. Trade pressures are now don into the neutral zone. Volumes are now bearish.

The next target up remains 114.55 which is also near the overbought levels of 113.75.

The close below 111.92 has triggered a short entry to retest the oversold levels at 109.73.

 

US 30YR TBOND_ USZ22

Weekly – In the January downtrend. Trade pressures are down. Volumes are now bearish.

Daily – Long, In the move up from the 121-10 trigger on 10/26. Trade pressures are down. Volumes are bearish.

The 10 year over bought yield is near 4.30.  The next 30YR target up is 125-02.

In a pullback now. A close below 118-20 would signal lower. Use this as the SL.

[11-7-22 ;Stopped out at the 118-20 for a loss.]