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USD_ DXM24
Weekly – Remains in the new December downtrend, testing the resistance. Trade pressures are now up. Volumes are now bearish.
Daily – Flat. In the move up from 103.48 on 3/19 and now near the 105.01 target. Trade pressures are down but rising. Volumes are bearish.
At the 105.01 target. The expected overbought levels remain 104.96.
A close below 103.92 would signal lower. 103.74 is the expected oversold level.
US30YR T-BOND_ USM24
Weekly – In the new December 2023 uptrend at support. Trade pressures are down. Volumes are bearish.
Daily – Flat. Sold down thru the 119-18 SL on Monday then consolidated in the downward channel. Trade pressures are down. Volumes are now bearish.
The next target down is the LML at 116-29. Oversold levels are 116-10.
A close above 118-19 would signal higher. Overbought levels are 119-30.