#usdollarfutures #ustreasurybondfutures
USD_ DXM23
Weekly – In the November 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 102.04 short entry on 3-22. Trade pressures are up but turned down. Volumes are now neutral.
The next target down is 98.61. Oversold is now 100.70. [Look for a new long below 100.]
A close above 102.27 would signal higher. The expected overbought levels are 102.48.
US30YR T-BOND_ USM23
Weekly – In the October 2020 downtrend and still testing the upside resistance. Trade pressures are down. Volumes are still bullish.
Daily – Long. In the new long trade from 130-23 on 4/20. Trade pressures are rising into the neutral zone. Volumes are now neutral.
The next target up is 131-24. Overbought levels are 133-10. Set SL at 129-03.
The next target down is 128-23. The oversold level is 123-12.
[4-25-23: raise the SL to 131-14.]
[4-26-23: Sell USM23 long at 132-10.]