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USD_ DXZ23

Weekly –  In the new September 2023 uptrend. Trade pressures remain up. Volumes are now bullish.

Daily – Long. In the new move up off the 106.22 long entry.  Trade pressures are up. Volumes are bullish.

The next target up is 107.42. Expect resistance at the 106.78 level. The overbought levels are 106.94.

A close below 104.90 signals lower. The expected oversold levels are now 105.50.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend well below the prior week. Trade pressures are down. Volumes are  bearish.

Daily  – Long. A new long is signaled at 110-02 on 10-27 . Trade pressures are now up. Volumes remain bearish.

The trend is still down. Need a close above 114 to change the trend to up. So any long trade here is a counter trade. Follow the trade with tight stops.  Expected overbought levels are 116-10.

A close below 109-02 would signal lower. The expected oversold levels are 106-03.

SL at 109-02.

[11-2-23: Raise SL to 110-31.]

[11-3-23: Raise SL to 113-01.]