US02Y: Falling Wedge, Sign of Stronger Dollar Ahead?
Hello Fellow Trader/Investor!
Price Action Analysis
US Government Bonds 2 Years Yield is moving above EMA90, indicating a bullish trend. The Falling Wedge Pattern is a bullish continuation pattern confirmed by the recent breakout. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. The Fed does not reach the 2% Inflation Target Yet
2. Hawkish Fed Position usually makes the bond yields potentially increase, which will cause a bullish dollar outlook.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the US02Y"
Price Action Analysis
US Government Bonds 2 Years Yield is moving above EMA90, indicating a bullish trend. The Falling Wedge Pattern is a bullish continuation pattern confirmed by the recent breakout. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. The Fed does not reach the 2% Inflation Target Yet
2. Hawkish Fed Position usually makes the bond yields potentially increase, which will cause a bullish dollar outlook.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the US02Y"
Dagangan aktif
Support the channel by smashing the rocket button and share your opinion in the comment section below!Dagangan ditutup: hentian tercapai
Failed Setup, The dollar has kept getting lower because of improving economic data.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.