#usdollarfutures #ustreasurybondfutures
USD_ DXM24
Weekly – Remains in the new December downtrend. Trade pressures are up but turning down. Volumes are now bearish.
Daily – Flat. Down through bottom band of the channel at 102.91. Trade pressures are now up. Volumes remain bullish.
The next target down is 101.32. The expected oversold levels are 102.25.
Trading down in a bull flag. A break out would be at 103.26. The next target up would be 104.41. 103.90 is the over-bot level.
[3-19-24: Long at 103.48.]
US30YR T-BOND_ USM24
Weekly – In the new December 2023 uptrend but at support. Trade pressures are just up. Volumes are now neutral.
Daily – Flat. Stopped out of the Long trade and back in the move down. Trade pressures are down. Volumes are now bearish.
The next target down is the prior low at 117-12. Oversold levels remain 115-14.
The next long entry is 119-17. Overbought levels are 121-18.