USD (DX)_ DXZ15  Mr Draghi adds to the European QE as stimulus. Money flows come into the dollar and from there into the US$ equities.

Weekly – remains in the uptrend. Trade pressures are up. Volumes changed from bearish to bullish.

Daily – In a long consolidation since the early spring trading between 92 and 98.  Now moving up to test the upper bound of that range. Trade pressures have now just turned up. Volumes are bullish.

97.94 is the next target up, Then the next target beyond that at 100.48 will test the yearly highs.

A close below 95.28 would signal a new move down.

 

30 YR T-BONDS_ USZ15

Weekly – Looks very much like the DX dollar futures chart. Trade pressures are up. Volume has changed from bullish to neutral. Still in a long term downtrend.

Daily – Made an attempt to short at the 158-13 short entry last week. After an initial move down, the trade was stopped out in just days.  Trade pressures are down. In the last nine trading days the volume has vacillated between bullish, neutral, bearish, neutral, and now back to bearish; a sign of congestion.

But Fridays break down may provide a new short opportunity.  Will watch the 60 min for a new cycle.