USD_ DXM16

Weekly – Everything turned bearish on the weekly. Trend is down. Trade pressures turned down into neutral territory. Volumes remain bearish continuing the six weeks of prior bearish readings.

Daily – In the move down. The next targets down are 94.40 and 94.05. Trade pressures are down hard and extended, so maybe a bounce? Volumes are still bearish.

 

30 Yr T-Bonds_ USM16

Weekly – Still in an uptrend. Trade pressures are up, but declining. Volumes ahve neutral to bearish. The weekly downside target is still 157-29.

Daily – Flat. Still looking for a short entry, Trade pressures are up and Volume has turned to bullish.

165-03 is the upside resistance level and also a new long entry.

This confusing as we are looking for a new short.
Any new short will have to have this new long entry as the stop.