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USD_ DXZ22
Weekly – In the March 2021 long uptrend. Trade pressures are down. Volumes are bearish. Resistance is at 104.
Daily – In the sharp move down from the 111.00 short entry. Trade pressures are down. Volumes are bearish.
The next target down is 104.34. Already beyond the oversold level of 107.75.
A close above 108.61 would signal higher. The next overbought level is 113.36.
US30YR T-BOND_ USZ22
Weekly – In the January 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.
Daily – Flat. Three failed tests of the 121-11 long entry, then a breakout with the lower inflation number. Trade pressures are up. Volumes are bullish.
Wait for a pullback into the 121’s to enter long on a bullish reversal of the trade pressures. The next target up is 125-02.
A close below 122-26 would signal lower.