USD (DX)_

Weekly – The flow of funds seems to still favor the dollar. Trade pressures are up. Volume is neutral. The weekly 25×5 moving average has provided support since early April.

Daily – the trade above the 97.20 changes the trend to positive. A short cycle entry is at 96.44 with the first target of 97.89. Trade pressures are up but declining. Volume is bullish.

 

30yr T-BONDS_  renewed conversations about the FED raising rates.

Weekly – Downtrend still targeting the 145 level. Trade pressures are down but rising. Volume bearish.

Daily – The long trade from 150-08 traded up to within three ticks of the 154-26 targets (about $4000 profit per contract, if taken) before reversing and falling through the stop at the 150-08 entry price. For record keeping, this one counts as a break-even trade.

Trade pressures are down. Volume is bearish.

A trade up thru 150-15 and then a subsequent daily close below 150-15 could signal lower.