30 year treasury yield. ( weekly )
30 year treasury yield.
Price is within the 1985' downtrend channel, in this multi-year bull bond market.
Interestingly, price is boxed between the 100 and 200 weekly sma, trying to regain the main channel, holding an uptrend minor parallel, after correcting 50% retrace, from the 2012 low run, and completing a possible abc correction from a possible Elliot wave. It recently broke the 12/2013 downtrend_line.
MACD is below zero, but with a positive crossover, and RSI looks to curving out a bottom.
Potential Head and Shoulders pattern point to the 4.20 level. IF broken into the major uptrend channel, resistance could be found at the 50 sma level and 3/3 high at 3.74(~possible channel) and double top at 4.
With the recent Euro banking fears, treasuries have found some bid. Short term, basing on 3.26% zone is possible. Breaking this zone(also downtrend line), the price could fall to 3%-3.04%, triangle support ( and 61.8% retracement.).
Price is within the 1985' downtrend channel, in this multi-year bull bond market.
Interestingly, price is boxed between the 100 and 200 weekly sma, trying to regain the main channel, holding an uptrend minor parallel, after correcting 50% retrace, from the 2012 low run, and completing a possible abc correction from a possible Elliot wave. It recently broke the 12/2013 downtrend_line.
MACD is below zero, but with a positive crossover, and RSI looks to curving out a bottom.
Potential Head and Shoulders pattern point to the 4.20 level. IF broken into the major uptrend channel, resistance could be found at the 50 sma level and 3/3 high at 3.74(~possible channel) and double top at 4.
With the recent Euro banking fears, treasuries have found some bid. Short term, basing on 3.26% zone is possible. Breaking this zone(also downtrend line), the price could fall to 3%-3.04%, triangle support ( and 61.8% retracement.).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.