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USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  In the move up from 103.48 on 3/19. The 106.46 target is offering resistance.  Trade pressures are down but rising.  Volumes are bullish.

The next target up is that 106.48.  The expected overbought levels are 106.26.

A close below 104.73 would signal lower. 105.25 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Long. Sold down to the LML at 112-27 and now in a move up from 113-25.  Trade pressures are down. Volumes remain bearish.

The next target up is 117-17.  Overbought levels are 122-15.

A close below 113-10 would signal lower. Oversold levels are 112-11.

Counter trend trade. Use tight stops.

[5-3-24: Raise sell stops to 115-16.]