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USD_ DXM23
Weekly – In the November 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. Still looking for a new move up. Trade pressures are down but turning up. Volumes are now bearish.
The next target down is 100.53. Oversold is now 100.73.
A close above 101.31 would signal higher. The expected overbought levels are 101.98.
US30YR T-BOND_ USM23
Weekly – In the October 2021 downtrend and still testing the upside resistance. Trade pressures are down. Volumes are still bullish.
Daily – Flat. Signaled a new short trade from 131-22 on 4-14 – wait. Trade pressures are down. Volumes are now neutral.
The next target down is 128-23. Oversold levels are 123-14.
The next target up is a breakout above 132-00. Had a move above the breakout on 5/4, but then immediately moved back into the downtrend channel. The overbought level is 133-92.