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USD_ DXU23
Weekly – In the November 2022 downtrend and still testing the upside resistance. Trade pressures are up. Volumes remain bullish.
Daily – Long. In the move up from the long signal at 100.26 on 7/27. Trade pressure remains up. Volumes are now bearish.
The next target up is 104.38. The overbought levels are 104.23.
A close below 103.12 would signal lower. The expected oversold levels are now 102.91.
US30YR T-BOND_ USU23
Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.
Daily – Long. A bounce off the 117-18 lows rallied thru the long entry at 120-22 to 122-01, then sold off hard on Friday. Trade pressures are down. Volumes are bearish.
Look for a pullback to enter the long trade around 118-10. The next target up is 123-20. Expected overbought levels are 121-09.
A close below 118-06 would signal lower. The next target down is 117-10. Expected oversold levels are 117-11.