#usdollarfutures #ustreasurybondfutures
USD_ DXM23 (rolls over this week)
Weekly – In the November 2022 downtrend and testing the upside resistance. Trade pressures are now up. Volumes are now neutral.
Daily – Short. The trade thru 102.64 on 5/17 was the trend change to up now signaling a pullback at 103.34. Trade pressures are down. Volumes are bearish.
At 103.53. The expected sold levels are 103.00. The next target down is 102.08 which is also support.
A close above 103.67 would signal higher. The expected overbought levels are now 104.60.
US30YR T-BOND_ USU23
Weekly – In the October 2021 downtrend and still testing the upside resistance. Trade pressures are down. Volumes are now bearish.
Daily – Long. The close above 128-08 confirms the long entry. Trade pressures are up into the neutral zone. Volumes are neutral.
The next target up is 131-08. Overbought levels are 136-29.
A close below 126-14 would signal lower. The expected oversold level is 123-26.