Looking for dollar strength in the coming weeks. USD/JPY seems to be in the best spot for potential upside given dollar strength on major pairs. Triple top formed and looking for the break to the upside. Targets @ 115.40 and January highs of 118.60. Stop below 113.00, 10 year seems to be bullish and needs to hold support near 2.30. Best of luck!
looking to long 10yr down here , waiting for price to come down added an alert above
10Year US notes can be trading at the start of a new bearish leg, after a completion of a higher degree complex correction within blue wave IV. Current sharp reversal was quite expected, as price formed an ending diagonal pattern within the final wave (C) of IV, which usually suggests a sharp reversal after its completion. That said current weakness can now...
There is a chance that 10 year US notes will make a new leg up, which will potentially cause a turn lower on stocks and support JPY.
RSI making lower highs, yield making lower lows.
Watch out for a failure at the neckline resistance of 2.31% followed by a break below 2.263%. Such a move would signal the corrective rally has ended and the yield is heading towards 2.00%. Failure at the neckline would also signal a top in the Dollar-Yen and a potential sell-off in the equities.
We find different trendlines and an important support at this point. If the stock market keeps rising we might have a lower price, also because commodities and bonds trend inversely (1) we could have a small change in the trend, because both oil and gold have fallen. 1. Murphy, J. J. (2015). Trading with Intermarket Analysis: A Visual Approach to Beating the...
Pay close attention to chart below. Magnitude in which price declines is often overlooked. Daily 10 Year Treasury
I want to first direct your attention to last year, as most traders have also seen the resemblance between the start of the bullish market and this year. This will also play (due to the blatant resemblance) into the fear of bears that have leverage futures to really drive this metal down. Technicals : Second, this is the lowest levels of RSI continuity also...
At extreme levels, however, the data doesn't look correct... I'm certain it is the most extreme since 2005!
There is downside risk for the euro as price action for EURUSD failed to close above 1.1342, essentially creating an asymmetric double top with the fizzled mid-February rally. The pair looks to fade back to the 200-day EMA near 1.1108. The rally in the dollar following its steep declines last week could cause a more pronounced slide as long as the DXY remains...